|Name: _________________________||Period: ___________________|
This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.
Multiple Choice Questions
1. How is a real hourly wage figured?
(a) Divide real pay by real hours worked.
(b) Divide real hours worked by real pay.
(c) Divide real hours worked by work expenses.
(d) Divide real pay by actual hours worked.
2. What is the final part of Step 3?
(a) Determining net worth.
(b) Figuring out how much life energy went into each expenditure.
(c) Choosing expenses to eliminate.
(d) Figuring out how much life energy remains.
3. 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.
4. What is the state of having enough to spend in order to purchase just enough?
(a) The peak of the fulfillment curve.
(b) The middle of the success spectrum.
(c) The bottom of the fulfillment curve.
(d) The peak of the success spectrum.
5. What do most people claim to value more than money?
(a) Their jobs.
(b) Their talents.
(c) Their health.
(d) Their lives.
Short Answer Questions
1. What does Question 2 help people to figure out?
2. Some people reach the top of their profession and make good money, yet are still not what?
3. Which of the following does the cultural perspective of money include?
4. Question 3 asks participants to consider what it would be like to do what?
5. On average, what do Americans have less of than ever before?
Short Essay Questions
1. Why does the result from the first part of Step 2 sometimes prompt participants to seek a lower-paying job?
2. What are some examples of recreational expense categories?
3. How should program participants use the charts at the end of Chapter 3?
4. What are some of the not-so-obvious expenses related to a person's work?
5. Why do many people give up on their dreams early in life?
6. How do the authors compare budgeting with dieting?
7. What should program participants do, rather than create a budget?
8. What happens when businesses operate according to the theory that "growth is good?"
9. Compare a person's typical response to a long-term threat with the typical response to an immediate threat.
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?
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