View a FREE sample

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

Multiple Choice Questions

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

2. How often should people total their income and expenses?
(a) Daily.
(b) Once a month.
(c) Once a week.
(d) Whenever a paycheck is deposited.

3. What must people do in order to make Step 3 work?
(a) Work fewer hours.
(b) Work more hours.
(c) Reduce spending.
(d) Be as truthful as possible.

4. What should be included in the "miscellaneous" category?
(a) Gazingus pins.
(b) Items under $10.
(c) Items purchased less than once a month.
(d) Nothing.

5. What should people do about unusual extra expenses, such as medical bills or birthday parties?
(a) Avoid them whenever possible.
(b) Accept them as a normal part of financial life.
(c) Create an extra chart to track them.
(d) Categorize them as "gazingus pins."

Short Answer Questions

1. What is the main pitfall of combining work with true passion or enjoyment?

2. Why should people try not to turn their job into an identity?

3. Where do the authors recommend finding job-hunting advice?

4. What is the main purpose of the wall chart?

5. What is the purpose of dividing income and expenses into categories?

(see the answer key)

This section contains 341 words (approx. 2 pages at 300 words per page) View a FREE sample