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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 3.

Multiple Choice Questions

1. What three columns should record-keeping include?
(a) Gross income, life energy spent, and expenses to eliminate.
(b) Income, expenditures, and hours of life energy spent.
(c) Necessities, luxuries, and expenses to eliminate.
(d) Salary, gifts, and prizes.

2. How is a real hourly wage figured?
(a) Divide real hours worked by real pay.
(b) Divide real hours worked by work expenses.
(c) Divide real pay by real hours worked.
(d) Divide real pay by actual hours worked.

3. According to many Americans, what is considered a sin?
(a) Buying low, selling high.
(b) Just sitting around and enjoying life.
(c) Working too much.
(d) Spending too much.

4. What do most people claim to value more than money?
(a) Their talents.
(b) Their health.
(c) Their jobs.
(d) Their lives.

5. What is the real amount of life energy?
(a) The real number of hours of life used to make purchases.
(b) Number of hours worked minus number of hours at leisure.
(c) Total energy spent per week.
(d) The number of years remaining in an average lifetime.

Short Answer Questions

1. On average, what do Americans have more of than ever before?

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

3. Some people reach the top of their profession and make good money, yet are still not what?

4. Why should people not budget their money?

5. What causes people to believe that "growth is good" and "more is better?"

(see the answer key)

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