|Name: _________________________||Period: ___________________|
This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.
Multiple Choice Questions
1. What should be included in the "miscellaneous" category?
(a) Items under $10.
(b) Items purchased less than once a month.
(c) Gazingus pins.
2. On average, what do Americans have less of than ever before?
3. What must people do in order to make Step 3 work?
(a) Reduce spending.
(b) Work more hours.
(c) Be as truthful as possible.
(d) Work fewer hours.
4. Which of the following does the cultural perspective of money include?
(a) Life energy.
(b) Fear of inflation.
(c) Fear when investing.
(d) Buying insurance.
5. Why do many people give up on their dreams?
(a) People dream when they sleep too many hours per night.
(b) They believe dreams use life energy.
(c) Dreams may not be practical and often do not fit in with reality.
(d) They believe dreams have no meaning.
Short Answer Questions
1. Why are expensive convenience foods considered to be a work expense?
2. Most Americans divide their discretionary time equally between what two activities?
3. What are piggy banks and cookie jars examples of?
4. If people spend half of their time sleeping, eating, and doing everything necessary for maintaining their bodies, then the other half is available for what?
5. What does Question 1 help people figure out?
Short Essay Questions
1. What is the first part of Step 3?
2. What should program participants do, rather than create a budget?
3. What are some problems associated with "business as usual?"
4. Why is it beneficial to be specific with categories, rather than more general?
5. How should program participants use the charts at the end of Chapter 3?
6. 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?
7. Why is Step 4 considered the heart of the program?
8. What is the final part of Step 3? How is this accomplished?
9. What is the first part of Step 2? How is this accomplished?
10. What are some examples of recreational expense categories?
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