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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 3.

Multiple Choice Questions

1. What causes emptiness?
(a) After buying a new item, the temporary happiness fades.
(b) Losing a job.
(c) After spending time with family, the temporary happiness fades.
(d) Spending too much time on leisure activities.

2. What two addictions are compared in Chapter 3?
(a) Alcoholism and smoking.
(b) Gambling and shopping.
(c) Overeating and overspending.
(d) Overspending and gambling.

3. People strive to buy and earn more than they need to live at the peak of their fulfillment curve due to which perspective of money?
(a) Intrinsic value.
(b) Cultural.
(c) Greed.
(d) Emotional and psychological.

4. How is a real hourly wage figured?
(a) Divide real hours worked by real pay.
(b) Divide real pay by actual hours worked.
(c) Divide real pay by real hours worked.
(d) Divide real hours worked by work expenses.

5. What might cause readers to feel guilty, after completing Step 1?
(a) Spending too much time with family.
(b) Seeing how much they owe or how little they have earned.
(c) Feeling less successful than their work colleagues.
(d) Seeing their credit score.

Short Answer Questions

1. Why should people not budget their money?

2. Which perspective of money should readers embrace?

3. What three columns should record-keeping include?

4. Where do most products we purchase end up?

5. Why do many people give up time with family, working on hobbies, and fulfilling dreams?

(see the answer key)

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