DFST Family Resource Management Final!!!! – Flashcards
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How are attitudes different than values?
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Attitudes are learned attitudes are values in context
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Circle the product buying motives we discussed in class
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All of the above
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Consumers are less brand loyal today than in the past
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True
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VALS system is based on a personality trait survey that is used to predict consumer behavior
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True
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Theory: women's point of view
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The feminist perspective
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Theory: competition, conflict, coercion
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The conflict theory
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Theory: interconnectedness and interactions
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The systems theory
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Theory: stage of development
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The family development theory
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Theory: science; outside system
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The family ecological theory
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Theory: unique creation
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Symbolic interactionism
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Theory: source of reward
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The social exchange theory
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Zephyr Zeta: lost job; moved in with boyfriend; satisfying which need?
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Safety
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Mrs. Tay: income spent on incarcerated daughter satisfying which need?
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PSYchological
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Jackson family: saves for family vacation and college fund
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Individual differences exist in the level of importance consumers attach to each of those four resource types
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Farmer family: no internet connection; child has cell phone for Internet access
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Consumers seek to manage resources that enable them to function more effectively
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Mrs. French: works in bakery; brings home day old bread as well as money from the job
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Resources exist as a part of an interrelated/ interdependent system
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Example of Foa's resource theory in relation to the circle
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People prefer to exchange resources that are similar, such as money for goods which are next to each other in the cirlce
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Inflation negatively impacts who?
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An elderly couple living on a pension
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Susan has hospital bills cannot sell art work in time to pay them; resource characteristic of
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Transferability
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Tia found new job with networking; resource characteristic of
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Social capital
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Opportunity cost of a working mother
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Loss of time with children
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Larry moved to the mountains; does not have Internet or cell service; resource characteristic of
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Accessibility
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Ellen Richards influenced family resource management by
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Sanitation, nutrition, and health
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Business and family resource management are connected by
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Sustainability
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Specific applications of business management
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All of the above + consumer decisions + energy management and cultural context
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Fayol's four key management concepts are
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Plan, organize, lead, control
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Time and motion are applicable to family resource management
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True
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Characteristics of a good financial plan include
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Protection
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Common financial goal for the future family planning
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Funding home improvements
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Housing needs couples need to plan for when approaching retirement age
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Down sizing to smaller housing and more affordable housing
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High tax bracket family inherits money; replaces tv rather than investing; considering what in their financial planning
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Tax efficiency
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Financial goals for families should plan action for the following common goal
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Eliminating all debt
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Gresham's law of planning established plans are shifted by
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Immediate needs
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Margaret is having an unplanned pregnancy the transition will be easier if
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She is optimistic
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Families who use interpersonal strategies to reach a common goals require
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Cooperation
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Ability to rebound, overcome, and achieve success is known as
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Resilience
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When goals are blocked by family members' emotional reactions known as
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Affect regualtion
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Opportunity for leaders to help develop the skills of others involved could be
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Delegation
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Essential part of delegation helps empower and develop the skills of others
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Communication
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Distribution of responsibility across family members for the success of any plan should follow the guidelines of
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Accountability
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Legal document that explains how an individual wants to distribute the assist upon death is known as
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A will
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Conflict between pursing one's own interests and the group's interests is called
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A mixed-motive situatuon
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Sales taxes are imposed on consumer purchases by
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states and cities
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Social Security taxes are used for
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retirement benefits
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the US department of agriculture provides food assistance programs that includes
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food stamp programs
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The Bureau of consumer protection protects consumers against
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unfair, deceptive, or fraudulent practices
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In what way does the US Food and Drug administration protect public health
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monitors the safety of drugs and food supply
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Bill and Suzanne are having a conflict; Fitzpatrick would view this interaction as
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competitive symmetry
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Galvin: communication is a symbolic, process of sharing
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meanings
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J.J. communicates to Kacinda about spending more time together Kacinda is nervous that they won't have anything in common anymore; this is an example of
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noise
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Grandma Minnie wants Thanksgiving dinner at her house; their family communication patterns and family type together would be called
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consensual
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Scout has pressers from family and friends of how she should dress; what is characterized by this pressure
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groupthink
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Current leadership style; the leader empowers followers to work beyond their potential is
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transformational leadership
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Hal and Gloria avoid making family decisions and does not like disciplining their children; this style of leadership is called
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laissez-faire leadership
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Six Flags over Texas; Winnie is nervous about the rides but she sees that her family is excited; this is known as
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risky shift
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Jimmy is talking to Sally; talking about the basic facts of what happened; this is an example of
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report talk
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Sally wants to know how Jimmy feels emotionally about the situation; this is an example of
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rapport talk
