Mid-Book Test - Easy
|Name: _____________________________||Period: ___________________________|
This quiz consists of 15 multiple choice questions and 5 short answer questions.
Multiple Choice Questions
1. What broad category are alcohol and tobacco subcategories of?
(a) Occasional expenses.
(b) Recreational expenses.
(c) Acceptable expenses.
(d) Forbidden expenses.
2. What causes people to believe that "growth is good" and "more is better?"
(a) Intrinsic value of money.
(b) Personal responsibility.
(c) Fear of inflation, recession, and depression.
(d) Emotional and psychological perspective of money.
3. What is the purpose of dividing income and expenses into categories?
(a) To determine net worth.
(b) To determine if enough money will be available for retirement.
(c) To decide if a career change is warranted.
(d) To judge whether expenses are worth the life energy spent.
4. What should participants do if the answer to Question 2 is "no" for a particular item?
(a) Donate the item to charity.
(b) Find a new career path.
(c) Either change actions to align with values or change values to align with actions.
(d) Find a new life purpose.
5. What does Chapter 4 help people to figure out?
(a) What is fulfilling for them.
(b) How to save life energy.
(c) How to reduce expenses.
(d) How to increase income.
6. Under which category does money paid to employ servants and service workers fall?
(b) Keeping up with the neighbors.
(c) Work-related expense.
(d) More is better.
7. Earning, saving, and spending money are part of which perspective?
(c) Emotional and psychological.
(d) Life energy.
8. Why do people buy more than they need?
(a) To fight inflation.
(b) Survival instinct.
(d) To donate to charity.
9. What does Question 1 help people figure out?
(a) How they could increase or decrease spending to feel more fulfilled.
(b) How to eliminate debt.
(c) How to increase income.
(d) How to choose a new career.
10. 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 does not fit with values.
(c) If the expense category will most likely cease after retirement.
(d) If that expense category will most likely be reduced after retirement.
11. What are piggy banks and cookie jars examples of?
(a) Savings categories.
(b) Places where a person should never keep money.
(c) Symbols to place next to money-saving items in a monthly chart.
(d) Items too fragile to hold anything but paper money.
12. What is the intrinsic value of money?
(b) Money has no intrinsic value.
(c) Real hourly wage.
(d) Emotional and psychological.
13. What allows people to enjoy their planet, community, and spirituality more than ever before?
(a) Taking more vacations.
(c) Being green.
(d) Living frugally.
14. Where do most products we purchase end up?
(b) In garage sales.
(c) Passed on to the next generation.
(d) In landfills.
15. What do people earn money by trading?
(a) Life energy.
(b) Stocks and bonds.
(c) Job skills.
(d) Excess possessions.
Short Answer Questions
1. What have many people been told by parents and guidance counselors?
2. How is net worth determined?
3. If people spend half of their time sleeping, eating, and doing everything necessary for maintaining their bodies, then the other half is available for what?
4. For Question 1, what should be written in the chart if just enough was spent on an item?
5. People strive to buy and earn more than they need to live at the peak of their fulfillment curve due to which perspective of money?
This section contains 591 words
(approx. 2 pages at 300 words per page)