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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 2.

Multiple Choice Questions

1. According to many Americans, what is considered a sin?
(a) Working too much.
(b) Buying low, selling high.
(c) Spending too much.
(d) Just sitting around and enjoying life.

2. 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) Emotional and psychological.
(b) Intrinsic value.
(c) Cultural.
(d) Greed.

3. Why are vacations considered to be a work expense?
(a) They are necessary to relieve work-related stress.
(b) They are required by law.
(c) Only employed individuals can afford vacations.
(d) Most employees take laptops or cell phones on vacation.

4. Under which category does money paid to employ servants and service workers fall?
(a) Work-related expense.
(b) More is better.
(c) Cultural.
(d) Keeping up with the neighbors.

5. Which perspective of money should readers embrace?
(a) Hedges against inflation.
(b) A personal perspective.
(c) Life energy.
(d) Personal responsibility and transformation.

Short Answer Questions

1. Most Americans divide their discretionary time equally between what two activities?

2. Earning, saving, and spending money are part of which perspective?

3. Each person has only a limited amount of what?

4. Which perspective is feeling connected to a certain social class part of?

5. Which of the following does the emotional and psychological perspective of money include?

(see the answer key)

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