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

Multiple Choice Questions

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

2. What do advertisements teach Americans?
(a) Buy low, sell high.
(b) Work, work, and work some more.
(c) Consume, consume, and comsume some more.
(d) Relax, relax, and relax some more.

3. What is the first half of Step 2?
(a) Determine real hourly wage.
(b) Determine real hours worked.
(c) Not feeling shame or blame.
(d) Determine net worth.

4. What are comforts, as defined in Chapter 1?
(a) Pillows and mattresses.
(b) Employment and financial security.
(c) Things people really enjoy.
(d) Emotional support.

5. Why are small, specific categories recommended over traditional, broad categories?
(a) Specific categories are easier to place on a chart.
(b) Broad categories cost more life energy.
(c) Broad categories work only for high-income individuals.
(d) Smaller categories allow people to determine which purchases bring only temporary happiness.

Short Answer Questions

1. Why should clothing be broken down into smaller categories, such as informal, work, sports, etc.?

2. What must a person do to become financially independent?

3. People strive to buy and earn more than they need to live at the peak of their fulfillment curve due to which perspective of money?

4. In Question 1, for each expense, participants must ask if they received fulfillment, satisfaction, and value in proportion to what?

5. A line should be drawn connecting the current month's income to what?

(see the answer key)

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