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2. If the monthly income of the family is PHP 35,000 and 30% allotted for food. How much should be spent allotted for food? a. PHP 1,000.00 b. PHP 10,500.00 C.PHP 1,500.00 d. PHP 5,000.00
3. All are elements of family budget EXCEPT? a. Savings b. Clothing c. Utilities d. Wants
4. Why do familie's need to balance the budget? a. So they can buy their wants if they have extra savings. b. So that resources are distributed fairly among the many needs of the family. c. So that there will be more budget for their rest and recreation. d. So that they can send their children to expensive schools.
5. Refers to uniforms, clothes and accessories. a. Clothing b. Food c. Shelter d. Utilities
6. How can you help in the effective implementation of your family budget? a. Save part of my daily allowance for future use. b. Buy things that I want. C. Go out every weekend. d. I always eat fast food chains.
7. The following are examples of cutting tools except for a. Pinking shears b. Scissors c. Thread d. Bent-handle dressmaker's shears
8. Refers to medicine and check-up. a. utilities b. Water C. Clothing d. Healthcare
9. This is a pointed metal with an eye to carry thread and sew fabrics together. a. thread b. Needle c. Seam ripper d. Fabric
10. You need to eat every day, so this element gets the biggest share in the allocation of your family income. a.food b. Clothing c. Shelter d. Savings
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