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. Earning, saving, and spending money are part of which perspective?
(a) Physical.
(b) Emotional and psychological.
(c) Life energy.
(d) Inflation.

2. What items are included in everything owned?
(a) Estimated current sale price of all items currently owned, plus other assets such as cash and investments.
(b) All items in the garage and basement.
(c) All items purchased during a lifetime.
(d) Add together everything owned, then subtract everything owed.

3. What makes the difference between a good life and a great life?
(a) Being poor versus being rich.
(b) A good job or a great job.
(c) Having more leisure time than work time.
(d) Contributing money, energy, or time after having enough.

4. The charts shown in the book for single people and couples are meant to be used how?
(a) As tax records.
(b) As inspiration.
(c) As a family budget.
(d) As strict guides.

5. What have many people been told by parents and guidance counselors?
(a) Employment security is more important than happiness.
(b) That the job market is tight.
(c) Money is more important than happiness.
(d) That they can be anything they want to be.

Short Answer Questions

1. Why do people buy more than they need?

2. What must a person do to become financially independent?

3. What will eventually run out?

4. What is an important aspect of the second half of Step 2?

5. For Question 1, what should be written in the chart if just enough was spent on an item?

Short Essay Questions

1. How does our consumption hurt the environment?

2. What do the two parts of Step 2 allow program participants to track?

3. Why does the result from the first part of Step 2 sometimes prompt participants to seek a lower-paying job?

4. What are people's dreams good clues to?

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

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

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

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

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

(see the answer keys)

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