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

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 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. Why should people ask themselves how they can help others to avoid pain they have experienced?
(a) To take their minds off their financial issues.
(b) To reduce stress.
(c) To determine their real purpose in life.
(d) To find a new career option.

2. 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.

3. What is Question 3?
(a) How might this expenditure change if I did not have to work for a living?
(b) Is income greater than expenses for the month?
(c) What are my dreams?
(d) In how many years will I be able to retire?

4. What is a possible advantage of switching to a lower-paying job?
(a) Less life energy spent equals a longer lifespan.
(b) More time available for continuing education.
(c) Ultimately earning more for each hour of life energy spent.
(d) Less money available to spend.

5. What is Step 1, Part 2 of the program?
(a) Declutter the garage and basement.
(b) Determine how much money has been earned so far in a lifetime.
(c) Determine net worth.
(d) List everything owned.

Short Answer Questions

1. Question 1 is answered with a plus sign under what circumstance?

2. Where do values come from?

3. What is an important aspect of the second half of Step 2?

4. Each person has only a limited amount of what?

5. What causes people to believe that "growth is good" and "more is better?"

Short Essay Questions

1. How should program participants use the charts at the end of Chapter 3?

2. What is the final part of Step 3? How is this accomplished?

3. What should program participants do, rather than create a budget?

4. What happens when businesses operate according to the theory that "growth is good?"

5. What are some problems associated with "business as usual?"

6. How do the authors compare budgeting with dieting?

7. What is the first part of Step 3?

8. What should program participants do about their smaller, sometimes overlooked miscellaneous expenses?

9. What are people's dreams good clues to?

10. For Step 4, what is the second question program participants should ask, regarding every expense on their chart? What is required, before answering this question?

(see the answer keys)

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