Your Money or Your Life Test | Mid-Book Test - Medium

Joe Dominguez
This set of Lesson Plans consists of approximately 124 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. For Question 3 under what circumstance would one enter a minus sign on the chart?
(a) If the expense category does not fit with values.
(b) If that expense category will most likely be reduced after retirement.
(c) If the expense category will most likely cease after retirement.
(d) If monthly expenses exceed monthly income.

2. People should spend only until they are fulfilled, just as they should do what?
(a) Eat only until they are full.
(b) Work only until they feel fulfilled.
(c) Drink in moderation.
(d) Gamble within a preset limit.

3. What might cause readers to feel guilty, after completing Step 1?
(a) Spending too much time with family.
(b) Feeling less successful than their work colleagues.
(c) Seeing how much they owe or how little they have earned.
(d) Seeing their credit score.

4. What are comforts, as defined in Chapter 1?
(a) Emotional support.
(b) Employment and financial security.
(c) Things people really enjoy.
(d) Pillows and mattresses.

5. Question 1 is answered with a plus sign under what circumstance?
(a) If the expenditure was a necessity.
(b) If the purchase was work-related.
(c) If income is greater than expenses for the month.
(d) If the expenditure was worth the life energy spent.

Short Answer Questions

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

2. What causes emptiness?

3. Question 3 asks participants to consider what it would be like to do what?

4. How should people reduce spending?

5. What is one of the main economic principles most businesses follow?

Short Essay Questions

1. What is a "cushion?" What are the advantages of having a cushion?

2. How is Step 8 completed? What does it allow program participants to do?

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

4. Why is it beneficial to be specific with categories, rather than more general?

5. What do many people try to get from other jobs, other than a paycheck?

6. What do the authors recommend as the safest, highest-quality conservative investments? How can people learn more about them?

7. How do peoples' words cause them to identify themselves personally with their jobs? Why is this a problem?

8. What should a program participant's investment provide?

9. Why are most people happier when their jobs are not related to their passions?

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

(see the answer keys)

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