|Name: _________________________||Period: ___________________|
This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.
Multiple Choice Questions
1. What does the amount spent divided by real hourly wage equal?
(a) The real amount of life energy spent.
(b) Net worth.
(c) Total allowable expenses.
(d) Money saved at the end of the month.
2. According to many Americans, what is considered a sin?
(a) Just sitting around and enjoying life.
(b) Spending too much.
(c) Buying low, selling high.
(d) Working too much.
3. 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?
(a) Whatever they choose.
(b) Managing money.
(c) Keeping up with the neighbors.
(d) Life energy.
4. What is Step 1, Part 1 of the program?
(a) Determine how much money has been earned so far in a lifetime.
(b) Determine net worth.
(c) List everything owned.
(d) Declutter the garage and basement.
5. What two addictions are compared in Chapter 3?
(a) Overspending and gambling.
(b) Alcoholism and smoking.
(c) Overeating and overspending.
(d) Gambling and shopping.
Short Answer Questions
1. For Question 3 under what circumstance would one enter a minus sign on the chart?
2. What broad category are alcohol and tobacco subcategories of?
3. How many perspectives of money are there?
4. In Question 2, what must participants ask if each expenditure is in alignment with?
5. How should people reduce spending?
Short Essay Questions
1. Where does the "rat race" come from?
2. Why do many people give up on their dreams early in life?
3. 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?
4. What perspective of money do the authors endorse? Why?
5. What should program participants do, rather than create a budget?
6. Why does the result from the first part of Step 2 sometimes prompt participants to seek a lower-paying job?
7. What is the first part of Step 2? How is this accomplished?
8. What is the first part of Step 1? What is its purpose?
9. 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?
10. How does the protestant work ethic influence the behavior of many Americans?
This section contains 821 words
(approx. 3 pages at 300 words per page)