FACS 455 Quiz 1 Ques ons and answers | Updated
RATED A+ 2026
Choice
the act of selec ng among alterna ves
Risk
The possibility or percep on of harm, suffering, danger, or loss.
Happiness
The degree of happiness with which one judges the overall quality of his or her life as favorable.
Management
The process of using resources to achieve goals
Management Process
Involves thinking, ac on, and results
Problems
Ques ons, dilemmas, or situa ons that require solving
Needs
What we need to survive and sustain life
Wants
Things we desire
Goals
End results that require ac on for their fulfillment
Values
Principles that guide behavior
Clarifica on
To make clear, make easier to understand, elaborate.
, Resources
Whatever is available to be used
Standards
The quan ta ve and/or qualita ve criteria that reconcile resources with demands
Decision making
Choosing between two or more alterna ves
Planning
Making a series of decisions that lead to ac on
Implemen ng
Pu/ng plans into ac on
Feedback
Info that returns to the system
Management tools
Measuring devices, techniques, or instruments that are used to arrive at decisions and plans of
ac on
Management Style
Lifestyle
The pa2ern in which an individual conducts his/her life
Economics
The social science concerned with the produc on, development, and management of material
wealth at different levels
Life management
Encompasses all the decisions a person or family will make and the way values, goals, and
resources use affect decision making
Self-monitor
Assess or alter their ac ons, language, and reac ons according to those around them
Household
RATED A+ 2026
Choice
the act of selec ng among alterna ves
Risk
The possibility or percep on of harm, suffering, danger, or loss.
Happiness
The degree of happiness with which one judges the overall quality of his or her life as favorable.
Management
The process of using resources to achieve goals
Management Process
Involves thinking, ac on, and results
Problems
Ques ons, dilemmas, or situa ons that require solving
Needs
What we need to survive and sustain life
Wants
Things we desire
Goals
End results that require ac on for their fulfillment
Values
Principles that guide behavior
Clarifica on
To make clear, make easier to understand, elaborate.
, Resources
Whatever is available to be used
Standards
The quan ta ve and/or qualita ve criteria that reconcile resources with demands
Decision making
Choosing between two or more alterna ves
Planning
Making a series of decisions that lead to ac on
Implemen ng
Pu/ng plans into ac on
Feedback
Info that returns to the system
Management tools
Measuring devices, techniques, or instruments that are used to arrive at decisions and plans of
ac on
Management Style
Lifestyle
The pa2ern in which an individual conducts his/her life
Economics
The social science concerned with the produc on, development, and management of material
wealth at different levels
Life management
Encompasses all the decisions a person or family will make and the way values, goals, and
resources use affect decision making
Self-monitor
Assess or alter their ac ons, language, and reac ons according to those around them
Household
