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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 4.

Multiple Choice Questions

1. What does the amount spent divided by real hourly wage equal?
(a) Money saved at the end of the month.
(b) Net worth.
(c) The real amount of life energy spent.
(d) Total allowable expenses.

2. What broad category are alcohol and tobacco subcategories of?
(a) Recreational expenses.
(b) Acceptable expenses.
(c) Forbidden expenses.
(d) Occasional expenses.

3. Where do values come from?
(a) Beliefs.
(b) Bargain hunting.
(c) Saving money.
(d) Working harder.

4. What can help people determine what they value?
(a) Studying family history.
(b) What items they possess.
(c) Assessing their careers.
(d) Asking how they would spend their time if they had one year to live.

5. The charts shown in the book for single people and couples are meant to be used how?
(a) As tax records.
(b) As inspiration.
(c) As a family budget.
(d) As strict guides.

Short Answer Questions

1. Why do many people give up on their dreams?

2. For Question 1, what should be written in the chart if just enough was spent on an item?

3. Where do most products we purchase end up?

4. Why are expensive convenience foods considered to be a work expense?

5. Why should people ask themselves how they can help others to avoid pain they have experienced?

(see the answer key)

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