|Name: _________________________||Period: ___________________|
This test consists of 15 multiple choice questions and 5 short answer questions.
Multiple Choice Questions
1. What does Chapter 4 help people to figure out?
(a) How to increase income.
(b) What is fulfilling for them.
(c) How to reduce expenses.
(d) How to save life energy.
2. Where do most products we purchase end up?
(a) In landfills.
(b) In garage sales.
(d) Passed on to the next generation.
3. Why should people ask themselves how they can help others to avoid pain they have experienced?
(a) To reduce stress.
(b) To find a new career option.
(c) To determine their real purpose in life.
(d) To take their minds off their financial issues.
4. What does Question 1 help people figure out?
(a) How to increase income.
(b) How to eliminate debt.
(c) How to choose a new career.
(d) How they could increase or decrease spending to feel more fulfilled.
5. For Question 3 under what circumstance would one enter a minus sign on the chart?
(a) If monthly expenses exceed monthly income.
(b) If the expense category will most likely cease after retirement.
(c) If the expense category does not fit with values.
(d) If that expense category will most likely be reduced after retirement.
6. What must people do in order to make Step 3 work?
(a) Work more hours.
(b) Work fewer hours.
(c) Reduce spending.
(d) Be as truthful as possible.
7. What are dreams good clues to?
(a) Values, purpose, and life mission.
(b) The future.
(c) Hours slept per night.
(d) Employment options.
8. Which perspective is the notion of "keeping up with the neighbors" part of?
(a) Personal responsibility and transformation.
(c) Emotional and psychological.
(d) Step 2.
9. What two addictions are compared in Chapter 3?
(a) Overspending and gambling.
(b) Overeating and overspending.
(c) Gambling and shopping.
(d) Alcoholism and smoking.
10. In Question 1, for each expense, participants must ask if they received fulfillment, satisfaction, and value in proportion to what?
(a) Dollar value.
(d) Life energy spent.
11. According to many Americans, what is considered a sin?
(a) Working too much.
(b) Spending too much.
(c) Buying low, selling high.
(d) Just sitting around and enjoying life.
12. On average, what do Americans have less of than ever before?
13. What makes the difference between a good life and a great life?
(a) Being poor versus being rich.
(b) Having more leisure time than work time.
(c) A good job or a great job.
(d) Contributing money, energy, or time after having enough.
14. What is a possible advantage of switching to a lower-paying job?
(a) More time available for continuing education.
(b) Less money available to spend.
(c) Less life energy spent equals a longer lifespan.
(d) Ultimately earning more for each hour of life energy spent.
15. What might cause readers to feel guilty, after completing Step 1?
(a) Feeling less successful than their work colleagues.
(b) Spending too much time with family.
(c) Seeing their credit score.
(d) Seeing how much they owe or how little they have earned.
Short Answer Questions
1. What will eventually run out?
2. What causes people to believe that "growth is good" and "more is better?"
3. What do the authors suggest that people divide their spending into?
4. Which perspective of money should readers embrace?
5. Why should people not budget their money?
This section contains 561 words
(approx. 2 pages at 300 words per page)