|Name: _________________________||Period: ___________________|
This test consists of 15 multiple choice questions and 5 short answer questions.
Multiple Choice Questions
1. For Question 1, what should be written in the chart if just enough was spent on an item?
(a) A zero.
(b) A plus.
(c) A minus.
(d) A check.
2. What is an important aspect of the second half of Step 2?
(a) Saving life energy.
(b) Tracking net worth.
(c) Not feeling shame or blame.
(d) Saving as much money as possible.
3. How many perspectives of money are there?
(b) An infinite number.
(c) One for each person.
4. What is the final part of Step 3?
(a) Figuring out how much life energy went into each expenditure.
(b) Choosing expenses to eliminate.
(c) Figuring out how much life energy remains.
(d) Determining net worth.
5. Why should clothing be broken down into smaller categories, such as informal, work, sports, etc.?
(a) To avoid purchases that are worn only once.
(b) To allow for a greater volume of work-related purchases.
(c) To encourage donations of older clothes to charity.
(d) To encourage participation in sports.
6. 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.
7. What attitude do the authors want readers to carry?
(a) No pain, no gain.
(b) No harm, no foul.
(c) No guts, no glory.
(d) No shame, no blame.
8. What will eventually run out?
(a) Job growth.
(b) Social Security.
(c) The earth's resources.
(d) Time and money.
9. What makes the difference between a good life and a great life?
(a) Contributing money, energy, or time after having enough.
(b) A good job or a great job.
(c) Being poor versus being rich.
(d) Having more leisure time than work time.
10. What is the intrinsic value of money?
(a) Money has no intrinsic value.
(b) Emotional and psychological.
(d) Real hourly wage.
11. What items are included in everything owned?
(a) Add together everything owned, then subtract everything owed.
(b) All items in the garage and basement.
(c) All items purchased during a lifetime.
(d) Estimated current sale price of all items currently owned, plus other assets such as cash and investments.
12. 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) Whatever they choose.
(b) Managing money.
(c) Life energy.
(d) Keeping up with the neighbors.
13. In Question 1, for each expense, participants must ask if they received fulfillment, satisfaction, and value in proportion to what?
(c) Dollar value.
(d) Life energy spent.
14. What do people earn money by trading?
(a) Stocks and bonds.
(b) Life energy.
(c) Job skills.
(d) Excess possessions.
15. 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 use life energy.
(d) They believe dreams have no meaning.
Short Answer Questions
1. What is Question 3?
2. Some people reach the top of their profession and make good money, yet are still not what?
3. What does the amount spent divided by real hourly wage equal?
4. What is Step 1, Part 1 of the program?
5. Each person has only a limited amount of what?
This section contains 577 words
(approx. 2 pages at 300 words per page)