|Name: _________________________||Period: ___________________|
This test consists of 15 multiple choice questions and 5 short answer questions.
Multiple Choice Questions
1. How should people reduce spending?
(a) By increasing awareness of how much life energy it takes to pay for each expense.
(b) By putting money in the bank.
(c) By taking a lower-paying job.
(d) By staying home.
2. 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.
3. What is Step 1, Part 2 of the program?
(a) List everything owned.
(b) Declutter the garage and basement.
(c) Determine net worth.
(d) Determine how much money has been earned so far in a lifetime.
4. What three columns should record-keeping include?
(a) Necessities, luxuries, and expenses to eliminate.
(b) Gross income, life energy spent, and expenses to eliminate.
(c) Salary, gifts, and prizes.
(d) Income, expenditures, and hours of life energy spent.
5. What are piggy banks and cookie jars examples of?
(a) Savings categories.
(b) Items too fragile to hold anything but paper money.
(c) Symbols to place next to money-saving items in a monthly chart.
(d) Places where a person should never keep money.
6. Why are expensive convenience foods considered to be a work expense?
(a) Factories employ people to produce convenience foods.
(b) People are too tired after work to make dinner.
(c) Unemployed people cannot afford convenience foods.
(d) Convenience foods promote life energy.
7. 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?
(a) Keeping up with the neighbors.
(b) Whatever they choose.
(c) Managing money.
(d) Life energy.
8. What makes the difference between a good life and a great life?
(a) Having more leisure time than work time.
(b) A good job or a great job.
(c) Contributing money, energy, or time after having enough.
(d) Being poor versus being rich.
9. Which perspective is the notion of "keeping up with the neighbors" part of?
(a) Emotional and psychological.
(b) Step 2.
(c) Personal responsibility and transformation.
10. What do the authors suggest that people divide their spending into?
(a) Three columns.
(b) Categories defined in Chapter 3.
(c) Categories determined by life energy.
(d) Categories that make sense for them.
11. What does Question 2 help people to figure out?
(a) How well they are doing at moving toward their purpose.
(b) Whether income exceeds expenses.
(c) Life energy spent.
(d) How will expenses change after retirement?
12. People should spend only until they are fulfilled, just as they should do what?
(a) Eat only until they are full.
(b) Drink in moderation.
(c) Work only until they feel fulfilled.
(d) Gamble within a preset limit.
13. What have many people been told by parents and guidance counselors?
(a) That the job market is tight.
(b) Money is more important than happiness.
(c) That they can be anything they want to be.
(d) Employment security is more important than happiness.
14. What are "gazingus pins?"
(a) Larger-than-standard pins.
(b) Any items the reader has an unreasonable amount of, due to habitual shopping.
(c) Pins to attach to a spending chart to indicate unnecessary expenses.
(d) Clips to attach spending charts to refrigerators or bulletin boards.
15. The charts shown in the book for single people and couples are meant to be used how?
(a) As strict guides.
(b) As a family budget.
(c) As inspiration.
(d) As tax records.
Short Answer Questions
1. What is an important aspect of the second half of Step 2?
2. Question 1 is answered with a plus sign under what circumstance?
3. What does Chapter 4 help people to figure out?
4. Attitude toward buying groceries is part of which perspective of money?
5. Why do many people give up on their dreams?
This section contains 663 words
(approx. 3 pages at 300 words per page)