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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 8.

Multiple Choice Questions

1. How should people reduce spending?
(a) By taking a lower-paying job.
(b) By putting money in the bank.
(c) By increasing awareness of how much life energy it takes to pay for each expense.
(d) By staying home.

2. What will eventually run out?
(a) Job growth.
(b) The earth's resources.
(c) Social Security.
(d) Time and money.

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

4. What is one advantage of estimating the likely timing of the crossover point?
(a) People may become more eager about going to work and doing a good job.
(b) People tend to leave their current job for a more enjoyable one.
(c) People spend less.
(d) People retire early.

5. How should program participants adjust their medical insurance?
(a) Accept a higher deductible.
(b) Cancel insurance and make healthier lifestyle choices.
(c) Cancel insurance and maintain a medical savings account.
(d) Accept a lower deductible.

Short Answer Questions

1. What usually happens after a person retires from their job?

2. What three columns should record-keeping include?

3. What can cause some people to stop buying any extras at all, after starting to use the wall chart?

4. How should investment income be tracked?

5. What does Question 2 help people to figure out?

(see the answer key)

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