Your Money or Your Life Test | Mid-Book Test - Easy

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 test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. What are comforts, as defined in Chapter 1?
(a) Things people really enjoy.
(b) Emotional support.
(c) Employment and financial security.
(d) Pillows and mattresses.

2. What must people do in order to make Step 3 work?
(a) Work fewer hours.
(b) Reduce spending.
(c) Work more hours.
(d) Be as truthful as possible.

3. In Question 1, for each expense, participants must ask if they received fulfillment, satisfaction, and value in proportion to what?
(a) Income.
(b) Life energy spent.
(c) Spirituality.
(d) Dollar value.

4. What is the key to good spending habits?
(a) Full complacency.
(b) Full compulsion.
(c) Full contentment.
(d) Full consciousness.

5. Why do many people give up on their dreams?
(a) People dream when they sleep too many hours per night.
(b) They believe dreams use life energy.
(c) Dreams may not be practical and often do not fit in with reality.
(d) They believe dreams have no meaning.

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

7. What are dreams good clues to?
(a) Values, purpose, and life mission.
(b) Hours slept per night.
(c) Employment options.
(d) The future.

8. What are "gazingus pins?"
(a) Pins to attach to a spending chart to indicate unnecessary expenses.
(b) Clips to attach spending charts to refrigerators or bulletin boards.
(c) Any items the reader has an unreasonable amount of, due to habitual shopping.
(d) Larger-than-standard pins.

9. Why are small, specific categories recommended over traditional, broad categories?
(a) Broad categories cost more life energy.
(b) Broad categories work only for high-income individuals.
(c) Smaller categories allow people to determine which purchases bring only temporary happiness.
(d) Specific categories are easier to place on a chart.

10. Where do most products we purchase end up?
(a) In garage sales.
(b) Overseas.
(c) In landfills.
(d) Passed on to the next generation.

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

12. Why do people buy more than they need?
(a) To fight inflation.
(b) Survival instinct.
(c) To donate to charity.
(d) Greed.

13. What is the final part of Step 3?
(a) Figuring out how much life energy went into each expenditure.
(b) Determining net worth.
(c) Choosing expenses to eliminate.
(d) Figuring out how much life energy remains.

14. Which perspective is the notion of "keeping up with the neighbors" part of?
(a) Step 2.
(b) Personal responsibility and transformation.
(c) Inflation.
(d) Emotional and psychological.

15. What do advertisements teach Americans?
(a) Relax, relax, and relax some more.
(b) Consume, consume, and comsume some more.
(c) Work, work, and work some more.
(d) Buy low, sell high.

Short Answer Questions

1. What does the physical perspective of money include?

2. What is the intrinsic value of money?

3. What is the state of having enough to spend in order to purchase just enough?

4. What determines mastery of Step 3?

5. What must a person do to become financially independent?

(see the answer keys)

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