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

Multiple Choice Questions

1. Why are vacations considered to be a work expense?
(a) Most employees take laptops or cell phones on vacation.
(b) They are necessary to relieve work-related stress.
(c) Only employed individuals can afford vacations.
(d) They are required by law.

2. Most Americans divide their discretionary time equally between what two activities?
(a) Family and friends.
(b) Eating and drinking.
(c) Working and spending.
(d) Leisure and retirement.

3. What is the purpose of dividing income and expenses into categories?
(a) To determine net worth.
(b) To determine if enough money will be available for retirement.
(c) To judge whether expenses are worth the life energy spent.
(d) To decide if a career change is warranted.

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

5. Which perspective of money should readers embrace?
(a) Personal responsibility and transformation.
(b) A personal perspective.
(c) Life energy.
(d) Hedges against inflation.

Short Answer Questions

1. What are piggy banks and cookie jars examples of?

2. For Question 3 under what circumstance would one enter a minus sign on the chart?

3. On average, what do Americans have less of than ever before?

4. What should participants do if the answer to Question 2 is "no" for a particular item?

5. Question 1 is answered with a plus sign under what circumstance?

(see the answer key)

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