California State University, Northridge » Family and Consumer Sciences » FCS 320 - Family Resource Management » Spring 2022

FCS 320 - Family Resource Management » Spring 2022 » Quiz 4 Chapter 4

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Question #1

According to the article over-educated and under-employed, companies are in such need of college educated individuals that just have a degree guarantees a good job and life.

A. True

B. False

Question #2

Only money and time are considered resources.

A. False

B. True

Question #3

Which of the following is a source required by societies' for their members to be successful.

A. Money

B. Physical appearance

C. All of these are required by societies for their members to be successful.

D. Cognitive intelligence

Question #4

A mismatch between the resources you have and the resources required by your group/community/company/society will impair your ability to succeed.

A. True

B. False

Question #5

Time preference (ability to delay gratification) is a resource and a major factor in determining your ability to succeed.

A. True

B. False

Question #6

All the following are behaviors that imply a short-term time preference, EXCEPT?

A. Getting upset when someone takes too long to respond to your text, email and/or phone call.

B. Using drugs and having unprotected sex

C. Going to college

D. Constantly looking at your phone to see if you missed a phone call or message.

Question #7

Identifying the resources you have to help you achieve your goals is easy and quick.

A. False

B. True

Question #8

Which of the following is the most important resource an individual, family, community, state, company, or country can have?

A. Material resources

B. Land resources

C. Financial resources

D. Human resources

Question #9

All the following are true regarding the audio Native Foster Children, EXCEPT?

A. Native American foster children are used by the state to get federal monies and create jobs in the state.

B. The removal of Native American children from their family can be cause mental trauma that reduces a child's human capital.

C. Native American children who are removed from their families at a young age can fail to develop the skills, values, and norms they need to a successful member of their tribe.

D. The removal of Native American children from their families in South Dakota is done in the best interest of everyone involved.

Question #10

All the following apply to scarcity, EXCEPT?

A. Scarcity refers to not having enough to satisfy our wants.

B. Scarcity plays a limited role in our decision making.

C. Scarcity forces us to allocate our resources in the most efficient and effective manner to maximize our desired outcome.

D. While scarcity focuses our attention it can also cause us to make unwise decisions because it taps our brain's capacity to process new information.

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