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 do people buy more than they need?
(a) Greed.
(b) Survival instinct.
(c) To donate to charity.
(d) To fight inflation.

2. What should participants do if the answer to Question 2 is "no" for a particular item?
(a) Find a new life purpose.
(b) Donate the item to charity.
(c) Find a new career path.
(d) Either change actions to align with values or change values to align with actions.

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

4. What is the first half of Step 2?
(a) Determine net worth.
(b) Determine real hourly wage.
(c) Not feeling shame or blame.
(d) Determine real hours worked.

5. What do most people claim to value more than money?
(a) Their health.
(b) Their jobs.
(c) Their talents.
(d) Their lives.

Short Answer Questions

1. What is Question 3?

2. What are dreams good clues to?

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

4. How is net worth determined?

5. Which of the following does the cultural perspective of money include?

Short Essay Questions

1. 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?

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

3. How do the authors compare budgeting with dieting?

4. How does our consumption hurt the environment?

5. Where does the "rat race" come from?

6. How does the protestant work ethic influence the behavior of many Americans?

7. 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?

8. What are some examples of recreational expense categories?

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

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

(see the answer keys)

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