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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 7.

Multiple Choice Questions

1. How should people reduce spending?
(a) By increasing awareness of how much life energy it takes to pay for each expense.
(b) By taking a lower-paying job.
(c) By staying home.
(d) By putting money in the bank.

2. What should people be willing to do?
(a) Sacrifice family time for more income.
(b) Work for what they want.
(c) Work more than 40 hours per week.
(d) Sacrifice income for a job that matches a passion.

3. Why should clothing be broken down into smaller categories, such as informal, work, sports, etc.?
(a) To encourage donations of older clothes to charity.
(b) To encourage participation in sports.
(c) To avoid purchases that are worn only once.
(d) To allow for a greater volume of work-related purchases.

4. People should have enough savings to cover expenses for how long?
(a) Four months.
(b) Six months.
(c) Nine months.
(d) One year.

5. The top number on the y-axis should be at least how large?
(a) Twice as large as the participant's expected expenses.
(b) Three times as large as the participant's expected income.
(c) Twice as large as the participant's expected income.
(d) Equal to the participant's expected income.

Short Answer Questions

1. How often should people total their income and expenses?

2. What should be included in the "miscellaneous" category?

3. Prestige, status, and power can be reasons for what?

4. The charts shown in the book for single people and couples are meant to be used how?

5. What is a major advantage of separating employment from passion?

(see the answer key)

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