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

Joe Dominguez
This set of Lesson Plans consists of approximately 124 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. According to many Americans, what is considered a sin?
(a) Just sitting around and enjoying life.
(b) Spending too much.
(c) Working too much.
(d) Buying low, selling high.

2. What is an important aspect of the second half of Step 2?
(a) Saving life energy.
(b) Tracking net worth.
(c) Saving as much money as possible.
(d) Not feeling shame or blame.

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

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

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

6. What is the intrinsic value of money?
(a) Money has no intrinsic value.
(b) Real hourly wage.
(c) Emotional and psychological.
(d) Physical.

7. What are piggy banks and cookie jars examples of?
(a) Items too fragile to hold anything but paper money.
(b) Places where a person should never keep money.
(c) Symbols to place next to money-saving items in a monthly chart.
(d) Savings categories.

8. How is a real hourly wage figured?
(a) Divide real hours worked by real pay.
(b) Divide real hours worked by work expenses.
(c) Divide real pay by actual hours worked.
(d) Divide real pay by real hours worked.

9. What should participants do if the answer to Question 2 is "no" for a particular item?
(a) Find a new life purpose.
(b) Donate the item to charity.
(c) Either change actions to align with values or change values to align with actions.
(d) Find a new career path.

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

11. What two addictions are compared in Chapter 3?
(a) Gambling and shopping.
(b) Overspending and gambling.
(c) Alcoholism and smoking.
(d) Overeating and overspending.

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

13. Why should readers not use premade categories from other budget books?
(a) Other budget books are inferior.
(b) Some categories are difficult to track.
(c) Some categories may be out of date.
(d) Everyone has different spending habits.

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

15. What is Step 1, Part 1 of the program?
(a) Determine net worth.
(b) Determine how much money has been earned so far in a lifetime.
(c) List everything owned.
(d) Declutter the garage and basement.

Short Answer Questions

1. Why do people buy more than they need?

2. What are bare necessities, as defined in Chapter 1?

3. What does the amount spent divided by real hourly wage equal?

4. What broad category are alcohol and tobacco subcategories of?

5. Why should people not budget their money?

(see the answer keys)

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