LC HOME ECONOMICS ~ RESOURCE MANAGEMENT



LC HOME ECONOMICS ~ RESOURCE MANAGEMENT

FAMILY RESOURCE MANAGEMENT:

1. Identify and describe the three basic components of management

2. Evaluate any two inputs that play a part in family resource management

3. Why is the evaluation of outputs in management considered a crucial stage?

4. Give a brief explanation of the purpose of resource management in the home

5. Explain why a good management system can contribute to a well run home and the well being of all family members

6. Outline how the family acts as a managerial unit

7. Differentiate between ‘open’ and ‘closed’ management systems

8. List the basic steps that should be followed when making a decision

9. Explain why communication is important for effective management

10. List the factors that affect management and explain any four in detail

MANAGEMENT OF HOUSEHOLD FINANCES:

A) INCOME:

1. State how the family functions as a financial unit within the economy

2. Give an account of the social factors that affect household income

3. Differentiate between gross and net income

4. What is a tax credit? What circumstances may lead to an increase in a persons tax credits?

5. Give a brief explain of the following sources of household income:

i)wages ii)salaries iii)pension iv)social welfare allowance v)social welfare benefit

6. Discuss three types of pension schemes currently operational in Ireland

7. Differentiate between PAYE and PRSI

8. Explain the difference between a compulsory and a voluntary deduction taken from a persons wage and give two examples of each

9. Write an informative account of Family Income Supplement

10. Write an informative account of Supplementary Welfare Allowance

11. List four other sources of income or benefits (not mentioned in previous questions) a person might receive from the government

B) BUDGETING:

1. What is a budget? Identify four requirements in drawing up a household budget

2. List the factors that should be considered when planning household budgets

3. Differentiate between essential and discretionary expenditure and give some examples

4. What are the advantages of budgeting?

5. Plan a monthly budget for a married couple with a combined net weekly income of €850 and child benefit of €150 per month. They currently pay mortgage of Є700 per month and they commute to work using a family car. (show your %)

6. Why should household budgets be reviewed regularly?

C) CREDIT:

1. List six points to consider before entering a credit agreement

2. Outline the general advantages and disadvantages of buying goods on credit

3. Using a table format compare the following methods of credit under the headings: Method of credit/advantages/disadvantages

Methods: 1) Overdraft 2) Term loan 3) Hire Purchase 4) Credit Card 5) Store card 6) Budget account

4. Explain how a laser/debit card works? List two advantages and two disadvantages

5. Explain the purpose of the Consumer Credit Act (1995) and give an account of four key areas controlled by this act

6. Which government department implements the Consumer Credit Act (1995)?

7. Outline the protection provided to the consumer by the Hire Purchase Act 1960

8. List six pieces of information that must be displayed in a hire-purchase agreement

D) SAVING:

1. What are the advantages of saving regularly?

2. Outline the factors to consider when choosing a saving scheme

3. Evaluate the role of the credit union as a financial institution

4. Recommend a saving scheme for the following situations under the headings:

Name of scheme/Details/Reasons for choice

Sit A) A secondary school student saving to attend 3rd level college

Sit B) A young couple renting a house and saving to buy their own house

Sit C) A middle aged couple saving for retirement

5. What is DIRT? What is the purpose of paying DIRT?

E) HOUSING FINANCE:

1. Outline the factors to consider when choosing a mortgage

2. Identify the conditions that have to be satisfied in order to obtain a mortgage

3. Give an account of the costs associated with buying a house

4. Name four types of mortgage currently available and explain two in detail

5. State one advantage and one disadvantage of a) a fixed mortgage interest rate and b) a variable mortgage interest rate

6. Explain the term mortgage protection and state why mortgage protection is necessary

7. Name one scheme which the government operates in order to help people purchasing their home and give details of this scheme

F) INSURANCE:

1. Write a detailed note on Pay Related Social Insurance (PRSI)

2. What factors should be considered when choosing an insurance policy?

3. What is Life assurance and why would a person take out Life assurance (benefits)

4. Name three common types of life assurance and give details of one scheme you have studied

5. What is Health insurance and why would a person take out Health insurance

6. Name three common types of Health insurance and give details of one scheme you have studied

7. Write an account of property insurance

8. What are the advantages of insuring property?

9. Name two other types of insurance currently available to the consumer

10. Explain the following terms: i) Broker ii) Premium iii) assessor iv) actuary

HOUSING:

1. Give details of the different trends in housing developments in Ireland today

2. Give details of the socio-economic factors that affect one’s choice of housing

3. What Government department is responsible for the formulation and implementation of the National Housing Policy?

4. List some of the main objectives of the government’s National Housing Policy and how they are being achieved

5. Write a note on the availability of housing in your area

6. List and explain some new trends in housing developments in Ireland

7. What conditions apply when seeking a home from the local authority?

8. Write an account of two local authority housing schemes

HOUSEHOLD TECHNOLOGY:

1. Write an account of the contribution of household technological developments to home management

2. Outline the factors to consider when choosing household appliances

3. Name two types of retail outlets where household appliances can be purchased and state one advantage and one disadvantage of each outlet

4. Give an account of one small appliance with a heating element under the headings:

a) working principle b) guidelines for use & c) care and cleaning

4. Give an account of one small appliance with a motor under the headings:

b) working principle b) guidelines for use & c) care and cleaning

8. Explain with the aid of a labelled diagram the working principle of a refrigerator

9. List six guidelines for the use and care of a refrigerator

10. Name four modern design features commonly found on refrigerators

11. Give a detailed account of the star rating system found on refrigeration appliances

12. State the function of the following parts of the refrigerator:

a) thermostat b) refrigerant c) automatic defrost

13. Set out the details of a study you have carried out on a microwave cooker- refer to:

i) working principle

ii) the different types of microwave cookers available

iii) modern design features

iv) guidelines for using the appliance

14. Evaluate the contribution of the microwave cooker to modern food preparation and cooking practices

15. What do you understand by the term ‘standing time’ in relation to microwave cooking

16. State the function of each of the following parts of a microwave cooker:

a) transformer b) magnetron c) wave guide d) wave stirrer e) turntable

17. List three foods a) suitable and b) unsuitable for microwave cooking

18. Name three containers/materials that are a) suitable and b) unsuitable for microwaves

19. Identify two reliable sources of consumer information when selecting household appliances

20. Evaluate the role of energy labelling/energy efficiency rating in assisting the consumer when selecting electrical appliances

TEXTILES:

1. Write an account of the factors which affect choice of textiles

2. List four reasons why we need clothing

3. Discuss the use of textiles as a household resource

4. List three desirable properties of a fabric for a) upholstered furniture b) clothing

5. Taking one natural and one mane-made fabric give an account of the properties and the care that is required because of these properties

6. Outline the basic scientific principles underlying the care of fabrics

7. Draw and explain any three symbols found on household articles and clothing

8. Write an account of one fire retardant finish under the headings a) treatment

a. effects and c) uses

9. Why is safety an important consideration in selecting household textiles?

10. Identify two safety considerations that should be considered when selecting textiles for household purposes

11. Write an account of the Fire Safety (Domestic Furniture) Order, 1988

(include details of identification and purpose of the order & the labels specified)

LC HOME ECONOMICS ~ CONSUMER STUDIES

CONSUMER CHOICES:

1. Give an account of the factors that affect consumers’ decision-making when selecting goods and services

2. List the advantages and disadvantages of advertising

3. Name four types of retail outlets where goods and services can be purchased and state one advantage and one disadvantage of each outlet.

4. Describe five in-store merchandising techniques that supermarkets use to encourage consumer spending.

5. List the guidelines that should be followed when shopping

6. Give details of six changes that have occurred in shopping patterns in recent years

7. What is consumer research?

8. Outline three methods of consumer research

9. Explain how consumer research benefits i) the retailer and ii) the consumer

10. Describe any two quality symbols appearing on Irish products

Terms to revise: Loss leader; loyalty scheme; own-brand/generic goods; bar code; party selling

CONSUMER RESPONSIBILITY:

1. Enumerate the responsibilities of the consumer

2. Give an account of the rights of consumers

3. Explain the term ‘caveat emptor’

4. What is meant by ‘redress’. Explain how the consumer can seek redress

5. What do you understand by the term ‘merchantable quality’?

6. Give a brief account of four sources of reliable information when buying goods and services.

7. Explain the difference between biased and unbiased information & give one example of each

8. Illustrate three safety symbols that indicate the safety of consumer products

9. In relation to the environment differentiate between a renewable and a

non-renewable resource and give two examples of each

10. Explain how households can reduce their waste to help save the environment

11. List six ways that consumers can be more energy efficient in their homes

12. Write an account of the role of recycling in waste management

13. Name and describe one government initiative that has helped to reduce pollution and promote a greener environment

14. Explain what is meant by a) ENFO b) Green dot and c) Eco label

15. Write an account of three types of pollution under the following headings:

a) causes b) effects & c) prevention

CONSUMER PROTECTION:

1. Write an account of the Sales of goods and Supply of Services Act 1980

2. Write an account of the Consumer Information Act 1978

3. Give details of two statutory and two voluntary bodies concerned with consumer protection

4. Name four sources of consumer protection and information in Ireland

5. State the function of Citizen Information Centres

6. Explain the role of a) The Office of the Director of Consumer Affairs (give 3 functions) and b) the Ombudsmen in consumer protection

7. What is a guarantee?

8. What is the role of the Advertising Standards Authority of Ireland?

9. Outline the procedure which should be followed by a consumer when dissatisfied with goods/services purchased

10. Explain the Small Claims Procedure

11. State two benefits of the Small Claims Procedure

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