Family
What does the 'F' in FCM stand for?
Family
What does the word 'Family' mean?
A Family is a group of people who are related by blood, marriage or adoption.
What does the word, 'business' mean?
A business is any company or establishment where you buy or sell things to earn money.
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What does the 'C' in FCM stand for?
Consumer
Who are parents?
Parents are father and mother.
What is the purpose of all businesses?
To gain profits.
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buy
What does the 'M' stand for?
Management
What is a 'Single Parent' home?
A single parent home comprises of a mother or father and child/children.
If a person buys an item for a certain amount and sells it for less, does the person gain or lose?
Lose
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What does 'FCM' stand for?
Family and Consumer Management
Whose surname does a child normally receive?
The father's surname.
How does a vendor know when he/she gains a profit?
When there is an increase on their money.
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Consumer
Who is a Consumer?
A consumer is a person who purchases goods and/or services.
Who is called a 'breadwinner'?
The Father
A man buys bicycle for $7,000.00 and intends to sell it for $8,500.00. Will he make a profit, or will he lose?
He will make a profit.
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Management