CFS430 MidtermStudyGuide.docx - CFS 430 Spring 2017 Midterm...

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CFS 430: Spring 2017 Midterm Study Guide Chapters 1-6, Resource Management for Individuals & Families Chapter 1 1. What do we call the degree to which the overall quality of one’s life is judged as favorable. 2.The act of selecting among alternatives is called what? 3.Define the management process, what are the steps involved? 4.Draw and expand upon Maslow’s Hierarchy of Needs. Why do we need to complete the lower (larger) sections before moving up the triangle? 5. A basic principle in management is that where there is _____, there is ________. 6.When people in the United States answer government surveys about how they feel about things, what is the most common answer about how happy they feel? 7. The worldwide trend is for populations to be increasingly moving towards ________. 8.Needs and wants are different. Define and describe both. 9. Information that returns to the system is known as ______________. 10. End results that require action can be defined as what? 11. Management ______ are measuring devices, techniques, or instruments that are used to arrive at decisions and plans of action. 12. Who manages? 13. Why do we manage? 14. What are some examples of internal forces that affect our management style? External? 14. What is Family Resource Management? 15. List some management tools. 16. Students are aware of management problems (stress, time) in the early years of adulthood, but what happens at midlife? What problems do people have in the second half of their lives, middleto older years?
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