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 is the state of having enough to spend in order to purchase just enough?
(a) The peak of the success spectrum.
(b) The peak of the fulfillment curve.
(c) The middle of the success spectrum.
(d) The bottom of the fulfillment curve.

2. What is a possible advantage of switching to a lower-paying job?
(a) Ultimately earning more for each hour of life energy spent.
(b) Less money available to spend.
(c) Less life energy spent equals a longer lifespan.
(d) More time available for continuing education.

3. Which of the following does the emotional and psychological perspective of money include?
(a) The tendency to spend quickly or cautiously.
(b) Fear of unemployment.
(c) Personal responsibility.
(d) Using credit cards.

4. What is the purpose of dividing income and expenses into categories?
(a) To judge whether expenses are worth the life energy spent.
(b) To determine if enough money will be available for retirement.
(c) To determine net worth.
(d) To decide if a career change is warranted.

5. Question 3 asks participants to consider what it would be like to do what?
(a) Retire.
(b) Find a life mission.
(c) Eliminate debt.
(d) Conserve life energy.

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

7. What causes emptiness?
(a) Losing a job.
(b) After spending time with family, the temporary happiness fades.
(c) Spending too much time on leisure activities.
(d) After buying a new item, the temporary happiness fades.

8. On average, what do Americans have less of than ever before?
(a) Children.
(b) Education.
(c) Savings.
(d) Debt.

9. What are bare necessities, as defined in Chapter 1?
(a) Everything owned by an individual.
(b) A house and car.
(c) All items needed to meet basic physical needs.
(d) Food and water.

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

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

12. What do most people claim to value more than money?
(a) Their health.
(b) Their jobs.
(c) Their talents.
(d) Their lives.

13. What is one of the main economic principles most businesses follow?
(a) Going green is good.
(b) Growth is good.
(c) Debt is good.
(d) Technology is good.

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

15. What do people earn money by trading?
(a) Excess possessions.
(b) Job skills.
(c) Stocks and bonds.
(d) Life energy.

Short Answer Questions

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

2. What have many people been told by parents and guidance counselors?

3. For Question 3 under what circumstance would one enter a minus sign on the chart?

4. What should participants do if the answer to Question 2 is "no" for a particular item?

5. What is Question 3?

(see the answer keys)

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