Your Money or Your Life Test | Final 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. If "work" is different from "paid employment," then which of the following is true?
(a) Cleaning is only work when it's done by a paid professional.
(b) Work includes anything people do to provide a service, including cleaning the house.
(c) Retirement is the absence of work.
(d) Volunteer jobs are not work.

2. What is the best method of choosing which expenses to reduce or eliminate?
(a) Use answers to the three questions from Chapter 4.
(b) Compare income to expenses on the wall chart.
(c) Add up the plusses and minuses on the monthly chart.
(d) Use answers to the three questions from Chapter 3.

3. What is the main purpose of the wall chart?
(a) To define commitment to the program.
(b) To define values and purpose.
(c) Keep finances on the person's mind, to help them make more conscious choices when spending money.
(d) To replace the monthly chart created previously.

4. A line should be drawn connecting the current month's income to what?
(a) The previous month's expenses.
(b) The previous year's income.
(c) The previous month's income.
(d) The current month's expenses.

5. What may reaching the crossover point cause participants to do?
(a) Continue working or choose a new job.
(b) Increase spending.
(c) Start a new wall chart.
(d) Explore other routes to work.

Short Answer Questions

1. Which of the following is the one and only thing that a job should be about?

2. How should program participants adjust their medical insurance?

3. What are some good alternatives to buying what is needed?

4. Where should monthly investment income be tracked?

5. What should people do with their extra money, once they earn more per month than they spend?

Short Essay Questions

1. What span of time should the wall chart cover? Why?

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

3. What are the advantages of predicting when the crossover point will occur?

4. What job-hunting advice is included in the book?

5. What is the difference between the word "frugal" and the Spanish word "aprovechar?" Which do the authors prefer?

6. What are a person's options, once he reaches his crossover point?

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

8. How far away from homelessness are most Americans?


10. Why is it unwise to seek employment in an area involving a person's passion?

(see the answer keys)

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