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. Why do people buy more than they need?
(a) Greed.
(b) To fight inflation.
(c) Survival instinct.
(d) To donate to charity.

2. What are "gazingus pins?"
(a) Larger-than-standard pins.
(b) Pins to attach to a spending chart to indicate unnecessary expenses.
(c) Any items the reader has an unreasonable amount of, due to habitual shopping.
(d) Clips to attach spending charts to refrigerators or bulletin boards.

3. The charts shown in the book for single people and couples are meant to be used how?
(a) As inspiration.
(b) As a family budget.
(c) As tax records.
(d) As strict guides.

4. What determines mastery of Step 3?
(a) When income exceeds spending.
(b) When gross income has been determined.
(c) When the actual money left at the end of the month equals the amount shown by recordkeeping.
(d) When life energy equals net worth.

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

Short Answer Questions

1. Which perspective of money should readers embrace?

2. How many perspectives of money are there?

3. What items are included in everything owned?

4. What do people earn money by trading?

5. What does Chapter 4 help people to figure out?

Short Essay Questions

1. 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?

2. What are the three perspectives of money the authors ask program participants to reject? Include brief descriptions.

3. What perspective of money do the authors endorse? Why?

4. What are some of the not-so-obvious expenses related to a person's work?

5. What is the first part of Step 2? How is this accomplished?

6. What are some examples of recreational expense categories?

7. What is the final part of Step 3? How is this accomplished?

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

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

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

(see the answer keys)

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