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 does Chapter 4 help people to figure out?
(a) What is fulfilling for them.
(b) How to save life energy.
(c) How to increase income.
(d) How to reduce expenses.

2. Why do many people give up on their dreams?
(a) Dreams may not be practical and often do not fit in with reality.
(b) People dream when they sleep too many hours per night.
(c) They believe dreams have no meaning.
(d) They believe dreams use life energy.

3. Which of the following does the emotional and psychological perspective of money include?
(a) Personal responsibility.
(b) Fear of unemployment.
(c) The tendency to spend quickly or cautiously.
(d) Using credit cards.

4. 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) Convenience foods promote life energy.
(d) Unemployed people cannot afford convenience foods.

5. What causes people to believe that "growth is good" and "more is better?"
(a) Intrinsic value of money.
(b) Emotional and psychological perspective of money.
(c) Personal responsibility.
(d) Fear of inflation, recession, and depression.

6. What is the second half of Step 2?
(a) Selling unnecessary luxuries.
(b) Keeping meticulous track of every cent that comes in or goes out.
(c) Looking for a better job.
(d) Saving as much money as possible.

7. How should people reduce spending?
(a) By putting money in the bank.
(b) By staying home.
(c) By taking a lower-paying job.
(d) By increasing awareness of how much life energy it takes to pay for each expense.

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

9. Why do many people give up time with family, working on hobbies, and fulfilling dreams?
(a) They are lazy.
(b) They fear success.
(c) They are insecure.
(d) They are too busy working.

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

11. What do people earn money by trading?
(a) Job skills.
(b) Life energy.
(c) Excess possessions.
(d) Stocks and bonds.

12. 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.

13. What is budgeting similar to?
(a) Reducing income.
(b) Filing taxes.
(c) Dieting.
(d) Mathematics.

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

15. Which perspective is the notion of "keeping up with the neighbors" part of?
(a) Emotional and psychological.
(b) Personal responsibility and transformation.
(c) Inflation.
(d) Step 2.

Short Answer Questions

1. What are "gazingus pins?"

2. 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?

3. What should participants do if the answer to Question 2 is "no" for a particular item?

4. Why should people not budget their money?

5. What are dreams good clues to?

(see the answer keys)

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