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| Name: _________________________ | Period: ___________________ |
This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 3.
Multiple Choice Questions
1. What is the key to good spending habits?
(a) Full complacency.
(b) Full compulsion.
(c) Full contentment.
(d) Full consciousness.
2. What is Step 1, Part 1 of the program?
(a) Determine net worth.
(b) List everything owned.
(c) Declutter the garage and basement.
(d) Determine how much money has been earned so far in a lifetime.
3. What is the state of having enough to spend in order to purchase just enough?
(a) The peak of the fulfillment curve.
(b) The middle of the success spectrum.
(c) The bottom of the fulfillment curve.
(d) The peak of the success spectrum.
4. What is the purpose of dividing income and expenses into categories?
(a) To determine if enough money will be available for retirement.
(b) To decide if a career change is warranted.
(c) To determine net worth.
(d) To judge whether expenses are worth the life energy spent.
5. What are piggy banks and cookie jars examples of?
(a) Symbols to place next to money-saving items in a monthly chart.
(b) Items too fragile to hold anything but paper money.
(c) Savings categories.
(d) Places where a person should never keep money.
Short Answer Questions
1. What must people do in order to make Step 3 work?
2. What should the amount started with at the beginning of the month, plus total income, minus total expenses equal?
3. What does the amount spent divided by real hourly wage equal?
4. How many perspectives of money are there?
5. The charts shown in the book for single people and couples are meant to be used how?
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This section contains 309 words (approx. 2 pages at 300 words per page) |
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