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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 8.

Multiple Choice Questions

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

2. What should participants do if they don't make a living from their passion?
(a) Find a new passion.
(b) Abandon their passion until retirement.
(c) Follow their passion unpaid.
(d) Find a new job.

3. What does the physical perspective of money include?
(a) Gold.
(b) Personal responsibility and transformation.
(c) Balancing a checkbook.
(d) Using PIN numbers.

4. What can help people determine what they value?
(a) Studying family history.
(b) What items they possess.
(c) Asking how they would spend their time if they had one year to live.
(d) Assessing their careers.

5. What is one of the main economic principles most businesses follow?
(a) Technology is good.
(b) Going green is good.
(c) Debt is good.
(d) Growth is good.

Short Answer Questions

1. Where do most products we purchase end up?

2. What is one advantage of estimating the likely timing of the crossover point?

3. What should the amount started with at the beginning of the month, plus total income, minus total expenses equal?

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

5. What is the state of having enough to spend in order to purchase just enough?

(see the answer key)

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