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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. What broad category are alcohol and tobacco subcategories of?

2. What is Step 1, Part 2 of the program?

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

4. What are comforts, as defined in Chapter 1?

5. What is the key to good spending habits?

Short Essay Questions

1. What is the second part of Step 1? What attitude should participants try to maintain when they see their result?

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

3. What are some problems associated with "business as usual?"

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

5. Where does the "rat race" come from?

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

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

8. What should program participants do, rather than create a budget?

9. Compare a person's typical response to a long-term threat with the typical response to an immediate threat.

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

As expressed by the authors in Chapter 9, what impact would their financial program have on culture, living conditions, the environment, and the economy, if most people followed it? Describe their predictions in detail, referring also to their descriptions in Chapter 1 of ways in which most Americans' current lifestyle is harmful to our culture, living conditions, the environment, and the economy.

Essay Topic 2

At what point do the authors ask program participants to invest money in order to earn investment income? How should investment income be tracked? How should it be used to lead to financial security or fulfillment?

Essay Topic 3

Discuss the psychological impact of the financial wall chart. Consider the implications involved with displaying the chart where all visitors can see it, the burden of tracking every penny earned or spent, the urgency or lack of urgency created by a five- to seven-year time frame, and emotional responses to acknowledging past spending habits.

(see the answer keys)

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