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 are piggy banks and cookie jars examples of?
(a) Items too fragile to hold anything but paper money.
(b) Places where a person should never keep money.
(c) Savings categories.
(d) Symbols to place next to money-saving items in a monthly chart.

2. What is the purpose of dividing income and expenses into categories?
(a) To judge whether expenses are worth the life energy spent.
(b) To determine if enough money will be available for retirement.
(c) To determine net worth.
(d) To decide if a career change is warranted.

3. 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.

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

5. What do advertisements teach Americans?
(a) Work, work, and work some more.
(b) Consume, consume, and comsume some more.
(c) Relax, relax, and relax some more.
(d) Buy low, sell high.

Short Answer Questions

1. People strive to buy and earn more than they need to live at the peak of their fulfillment curve due to which perspective of money?

2. What two addictions are compared in Chapter 3?

3. How often should people total their income and expenses?

4. How many perspectives of money are there?

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

Short Essay Questions

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

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

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

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

5. How does our consumption hurt the environment?

6. What are some examples of recreational expense categories?

7. What is the first part of Step 1? What is its purpose?

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

9. What are the three perspectives of money the authors ask program participants to reject? Include brief descriptions.

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

(see the answer keys)

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