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 broad category are alcohol and tobacco subcategories of?
(a) Occasional expenses.
(b) Forbidden expenses.
(c) Acceptable expenses.
(d) Recreational expenses.

2. What is budgeting similar to?
(a) Dieting.
(b) Mathematics.
(c) Filing taxes.
(d) Reducing income.

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

4. Why do many people give up time with family, working on hobbies, and fulfilling dreams?
(a) They are insecure.
(b) They are lazy.
(c) They are too busy working.
(d) They fear success.

5. Why are vacations considered to be a work expense?
(a) They are necessary to relieve work-related stress.
(b) Only employed individuals can afford vacations.
(c) They are required by law.
(d) Most employees take laptops or cell phones on vacation.

Short Answer Questions

1. What items are included in everything owned?

2. What is Step 1, Part 2 of the program?

3. What will eventually run out?

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

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

Short Essay Questions

1. 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?

2. What is the first part of Step 3?

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

4. 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?

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

6. How do the authors compare budgeting with dieting?

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

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

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

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

(see the answer keys)

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