|Name: _________________________||Period: ___________________|
This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.
Multiple Choice Questions
1. What are some good alternatives to buying what is needed?
(a) Borrowing, trading, and sharing.
(b) Begging, stealing, and borrowing.
(c) Trading, sharing, and retiring.
(d) Sharing, trading, and stealing.
2. What are 1,001 SURE WAYS TO SAVE MONEY?
(a) A list of contacts for business networking.
(b) A list of strategies to achieve early retirement.
(c) Participants should look at their own expense lists and make their own list of ways to save.
(d) A list of coupon resources.
3. Where should monthly investment income be tracked?
(a) On reports from investment brokers.
(b) On a new chart.
(c) On the income and expense charts created in Chapters 2 and 3.
(d) On the wall chart.
4. What percentage of useful life objects could people add if they were not so anxious to replace them?
(a) Fifty to eighty percent.
(b) One hundred percent.
(c) Twenty to fifty percent.
(d) Ten percent.
5. What is the main purpose of the wall chart?
(a) To define commitment to the program.
(b) To replace the monthly chart created previously.
(c) Keep finances on the person's mind, to help them make more conscious choices when spending money.
(d) To define values and purpose.
Short Answer Questions
1. If "work" is different from "paid employment," then which of the following is true?
2. What is the meaning of the Spanish word, "aprovechar?"
3. What do the authors describe as "having a high joy-to-stuff ratio?"
4. What should be repeatedly placed along the x-axis of the wall chart?
5. If people earn more than the minimum needed to pay bills, what should they do with the extra money?
Short Essay Questions
1. What are 1,001 SURE WAYS TO SAVE MONEY?
2. How is Step 8 completed? What does it allow program participants to do?
3. What span of time should the wall chart cover? Why?
4. What are the advantages of predicting when the crossover point will occur?
5. What is a "cushion?" What are the advantages of having a cushion?
6. What are a person's options, once he reaches his crossover point?
7. Why do volunteers often feel more fulfilled than ever before?
8. What will participants inevitably end up doing if they strive to maximize income and minimize expenses? As a result, what should they do next?
9. How far away from homelessness are most Americans?
10. What is the difference between the word "frugal" and the Spanish word "aprovechar?" Which do the authors prefer?
This section contains 870 words
(approx. 3 pages at 300 words per page)