Factors Affecting Management (Leaving Cert Home Economics): Flashcards
📚Flashcards
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15 cards from this deck
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Practise the cards
15 cards from this deck
Family resource management
Family resource management
Making decisions to solve problems & achieve goals
Employment patterns
Employment patterns
Work arrangements of family members (full/part-time, shifts)
Full-time employment benefit
Full-time employment benefit
More predictable income for easier budgeting & planning
Shift work impact
Shift work impact
Challenges for family routines & quality time together
Dual roles
Dual roles
Managing work commitments & family duties simultaneously
Dual roles effect
Dual roles effect
Higher stress levels & potential burnout
Socio-economic status (SES)
Socio-economic status (SES)
Family's social & economic standing in community
SES determined by
SES determined by
Income, education, and occupation
Higher SES advantage
Higher SES advantage
Greater access to financial resources & management options
Family cycle stages
Family cycle stages
Different life phases (marriage, children, retirement) with changing needs
Values and standards
Values and standards
Core beliefs & principles guiding family decisions
How values affect finances
How values affect finances
Shape priorities: saving, spending, or investing
Family composition
Family composition
Structure: single-parent, childless, or extended family
Single parent challenge
Single parent challenge
Manage resources alone with greater constraints
Culture in family context
Culture in family context
Shared beliefs, customs & traditions of background