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

2. What does the amount spent divided by real hourly wage equal?
(a) Money saved at the end of the month.
(b) The real amount of life energy spent.
(c) Total allowable expenses.
(d) Net worth.

3. In Question 2, what must participants ask if each expenditure is in alignment with?
(a) Family needs.
(b) Hours spent at work.
(c) Statistical norms.
(d) Their values and life purpose.

4. Each person has only a limited amount of what?
(a) Emotional energy.
(b) Money.
(c) Intrinsic value.
(d) Life energy.

5. How often should people total their income and expenses?
(a) Daily.
(b) Once a week.
(c) Whenever a paycheck is deposited.
(d) Once a month.

6. What allows people to enjoy their planet, community, and spirituality more than ever before?
(a) Being green.
(b) Living frugally.
(c) Retirement.
(d) Taking more vacations.

7. Question 1 is answered with a plus sign under what circumstance?
(a) If the purchase was work-related.
(b) If the expenditure was worth the life energy spent.
(c) If the expenditure was a necessity.
(d) If income is greater than expenses for the month.

8. 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.

9. Why are small, specific categories recommended over traditional, broad categories?
(a) Broad categories cost more life energy.
(b) Smaller categories allow people to determine which purchases bring only temporary happiness.
(c) Specific categories are easier to place on a chart.
(d) Broad categories work only for high-income individuals.

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

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

12. What must people do in order to make Step 3 work?
(a) Be as truthful as possible.
(b) Work fewer hours.
(c) Reduce spending.
(d) Work more hours.

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

14. In Question 1, for each expense, participants must ask if they received fulfillment, satisfaction, and value in proportion to what?
(a) Spirituality.
(b) Income.
(c) Dollar value.
(d) Life energy spent.

15. What is the real amount of life energy?
(a) The number of years remaining in an average lifetime.
(b) Number of hours worked minus number of hours at leisure.
(c) Total energy spent per week.
(d) The real number of hours of life used to make purchases.

Short Answer Questions

1. What should the amount started with at the beginning of the month, plus total income, minus total expenses equal?

2. What are dreams good clues to?

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

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

5. Some people reach the top of their profession and make good money, yet are still not what?

(see the answer keys)

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