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

Multiple Choice Questions

1. Where do most products we purchase end up?
(a) In garage sales.
(b) In landfills.
(c) Passed on to the next generation.
(d) Overseas.

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

3. What is Step 1, Part 2 of the program?
(a) Determine net worth.
(b) Declutter the garage and basement.
(c) List everything owned.
(d) Determine how much money has been earned so far in a lifetime.

4. What might cause readers to feel guilty, after completing Step 1?
(a) Spending too much time with family.
(b) Seeing their credit score.
(c) Seeing how much they owe or how little they have earned.
(d) Feeling less successful than their work colleagues.

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

Short Answer Questions

1. Which of the following does the emotional and psychological perspective of money include?

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

3. What do the authors suggest that people divide their spending into?

4. What are "gazingus pins?"

5. People should spend only until they are fulfilled, just as they should do what?

(see the answer key)

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