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. What causes emptiness?
(a) Spending too much time on leisure activities.
(b) Losing a job.
(c) After spending time with family, the temporary happiness fades.
(d) After buying a new item, the temporary happiness fades.

2. Some people reach the top of their profession and make good money, yet are still not what?
(a) Secure.
(b) Married.
(c) Wealthy.
(d) Happy.

3. What does Question 1 help people figure out?
(a) How to increase income.
(b) How to eliminate debt.
(c) How to choose a new career.
(d) How they could increase or decrease spending to feel more fulfilled.

4. Why should readers not use premade categories from other budget books?
(a) Everyone has different spending habits.
(b) Other budget books are inferior.
(c) Some categories are difficult to track.
(d) Some categories may be out of date.

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

Short Answer Questions

1. Most Americans divide their discretionary time equally between what two activities?

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

3. In Question 1, for each expense, participants must ask if they received fulfillment, satisfaction, and value in proportion to what?

4. What are bare necessities, as defined in Chapter 1?

5. In Question 2, what must participants ask if each expenditure is in alignment with?

Short Essay Questions

1. For Step 4, what is the first question program participants should ask, regarding every expense on their chart? How does the chart answer the question?

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

3. What perspective of money do the authors endorse? Why?

4. What is the second half of Step 2? What are the most important aspects of this exercise?

5. Compare a person's typical response to a long-term threat with the typical response to an immediate threat.

6. What are some of the not-so-obvious expenses related to a person's work?

7. For Step 4, what is the third question program participants should ask, regarding every expense on their chart? What does this question prompt people to do?

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

9. Why do many people give up on their dreams early in life?

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

(see the answer keys)

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