|Name: _________________________||Period: ___________________|
This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.
Multiple Choice Questions
1. What is the best method of choosing which expenses to reduce or eliminate?
(a) Compare income to expenses on the wall chart.
(b) Add up the plusses and minuses on the monthly chart.
(c) Use answers to the three questions from Chapter 4.
(d) Use answers to the three questions from Chapter 3.
2. When can program participants consider retirement?
(a) At age 65.
(b) When total income exceeds expenses.
(c) After reaching the crossover point.
(d) After working for 20 years in the same field.
3. Being financially independent requires what?
(a) Having savings and no debt.
(c) Inheriting a large estate.
(d) Earning life energy.
4. Participants will end up making more money than they spend if they do what?
(a) Maximize income and minimize expenses.
(b) Conserve life energy.
(c) Retire early.
(d) Follow the philosophy of "no shame, no blame."
5. What can cause some people to stop buying any extras at all, after starting to use the wall chart?
(a) Running out of room on the wall chart.
(b) Shock at their spending habits.
(c) Shock over actual income.
(d) Desire to change thier life purpose.
Short Answer Questions
1. Which of the following is the one and only thing that a job should be about?
2. What is the best thing to do with the interest received?
3. What should participants do if they don't make a living from their passion?
4. The wall chart's time span is a rough deadline for what?
5. What percentage of useful life objects could people add if they were not so anxious to replace them?
Short Essay Questions
1. What are the advantages of predicting when the crossover point will occur?
2. What is a "cushion?" What are the advantages of having a cushion?
3. What happens for most people, after using the wall chart for a while?
4. What is ONE SURE WAY TO SAVE MONEY?
5. Why should the wall chart be displayed where participants can view it easily?
6. How do peoples' words cause them to identify themselves personally with their jobs? Why is this a problem?
7. How far away from homelessness are most Americans?
8. What job-hunting advice is included in the book?
9. What span of time should the wall chart cover? Why?
10. What are a person's options, once he reaches his crossover point?
This section contains 842 words
(approx. 3 pages at 300 words per page)