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

Multiple Choice Questions

1. What determines mastery of Step 3?
(a) When life energy equals net worth.
(b) When income exceeds spending.
(c) When the actual money left at the end of the month equals the amount shown by recordkeeping.
(d) When gross income has been determined.

2. What broad category are alcohol and tobacco subcategories of?
(a) Occasional expenses.
(b) Acceptable expenses.
(c) Recreational expenses.
(d) Forbidden expenses.

3. Why do many people give up time with family, working on hobbies, and fulfilling dreams?
(a) They are too busy working.
(b) They are lazy.
(c) They fear success.
(d) They are insecure.

4. What two addictions are compared in Chapter 3?
(a) Overeating and overspending.
(b) Alcoholism and smoking.
(c) Overspending and gambling.
(d) Gambling and shopping.

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

Short Answer Questions

1. Why are expensive convenience foods considered to be a work expense?

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

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

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

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

(see the answer key)

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