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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 final part of Step 3?
(a) Determining net worth.
(b) Figuring out how much life energy went into each expenditure.
(c) Figuring out how much life energy remains.
(d) Choosing expenses to eliminate.

2. Why should clothing be broken down into smaller categories, such as informal, work, sports, etc.?
(a) To avoid purchases that are worn only once.
(b) To allow for a greater volume of work-related purchases.
(c) To encourage participation in sports.
(d) To encourage donations of older clothes to charity.

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

4. What are bare necessities, as defined in Chapter 1?
(a) Food and water.
(b) Everything owned by an individual.
(c) All items needed to meet basic physical needs.
(d) A house and car.

5. On average, what do Americans have more of than ever before?
(a) Children.
(b) Debt.
(c) Savings.
(d) Education.

Short Answer Questions

1. What should people do as soon as possible?

2. What broad category are alcohol and tobacco subcategories of?

3. How do most people define work?

4. If people stop buying any extras at all, what are they in danger of doing?

5. What is a major advantage of separating employment from passion?

(see the answer key)

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