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 is the second half of Step 2?
(a) Looking for a better job.
(b) Selling unnecessary luxuries.
(c) Saving as much money as possible.
(d) Keeping meticulous track of every cent that comes in or goes out.

2. What are bare necessities, as defined in Chapter 1?
(a) Food and water.
(b) All items needed to meet basic physical needs.
(c) A house and car.
(d) Everything owned by an individual.

3. Where do most products we purchase end up?
(a) In landfills.
(b) Overseas.
(c) Passed on to the next generation.
(d) In garage sales.

4. What is the key to good spending habits?
(a) Full compulsion.
(b) Full contentment.
(c) Full complacency.
(d) Full consciousness.

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

Short Answer Questions

1. What should the amount started with at the beginning of the month, plus total income, minus total expenses equal?

2. Why should readers not use premade categories from other budget books?

3. How is net worth determined?

4. Which of the following does the emotional and psychological perspective of money include?

5. What is the purpose of dividing income and expenses into categories?

Short Essay Questions

1. Why is Step 4 considered the heart of the program?

2. Whenever people spend money, what more valuable commodity are they also spending?

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

4. How does our consumption hurt the environment?

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

6. What is the first part of Step 3?

7. What is the second part of Step 1? What attitude should participants try to maintain when they see their result?

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

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

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

(see the answer keys)

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