Your Money or Your Life Quiz | Eight Week Quiz B

Joe Dominguez
This set of Lesson Plans consists of approximately 131 pages of tests, essay questions, lessons, and other teaching materials.
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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 3.

Multiple Choice Questions

1. Which perspective is feeling connected to a certain social class part of?
(a) Personal responsibility and transformation.
(b) Cultural.
(c) Life energy.
(d) Emotional and psychological.

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

3. Why should clothing be broken down into smaller categories, such as informal, work, sports, etc.?
(a) To allow for a greater volume of work-related purchases.
(b) To avoid purchases that are worn only once.
(c) To encourage donations of older clothes to charity.
(d) To encourage participation in sports.

4. What should be included in the "miscellaneous" category?
(a) Items under $10.
(b) Gazingus pins.
(c) Items purchased less than once a month.
(d) Nothing.

5. What does the physical perspective of money include?
(a) Personal responsibility and transformation.
(b) Using PIN numbers.
(c) Balancing a checkbook.
(d) Gold.

Short Answer Questions

1. What is the second half of Step 2?

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

3. Some people reach the top of their profession and make good money, yet are still not what?

4. How often should people total their income and expenses?

5. How is net worth determined?

(see the answer key)

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