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

2. What allows people to enjoy their planet, community, and spirituality more than ever before?
(a) Taking more vacations.
(b) Being green.
(c) Living frugally.
(d) Retirement.

3. How should people reduce spending?
(a) By putting money in the bank.
(b) By increasing awareness of how much life energy it takes to pay for each expense.
(c) By taking a lower-paying job.
(d) By staying home.

4. What is the real amount of life energy?
(a) Number of hours worked minus number of hours at leisure.
(b) The number of years remaining in an average lifetime.
(c) Total energy spent per week.
(d) The real number of hours of life used to make purchases.

5. What is the final part of Step 3?
(a) Figuring out how much life energy remains.
(b) Figuring out how much life energy went into each expenditure.
(c) Determining net worth.
(d) Choosing expenses to eliminate.

Short Answer Questions

1. What do people earn money by trading?

2. What is the state of having enough to spend in order to purchase just enough?

3. Where do most products we purchase end up?

4. Question 1 is answered with a plus sign under what circumstance?

5. Earning, saving, and spending money are part of which perspective?

Short Essay Questions

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

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

3. What happens when businesses operate according to the theory that "growth is good?"

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

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

6. For Step 4, what is the first question program participants should ask, regarding every expense on their chart? How does the chart answer the question?

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

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

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

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

(see the answer keys)

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