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

Multiple Choice Questions

1. If people earn more than the minimum needed to pay bills, what should they do with the extra money?
(a) Purchase rental properties.
(b) Splurge on a luxury.
(c) Donate to charity.
(d) Save it to use later in the program for investing.

2. What is the real amount of life energy?
(a) Number of hours worked minus number of hours at leisure.
(b) The real number of hours of life used to make purchases.
(c) Total energy spent per week.
(d) The number of years remaining in an average lifetime.

3. What mistake do people often make, when describing their jobs?
(a) Saying uncomplimentary things about thier supervisors.
(b) Revealing annual income.
(c) Playing down their true talents.
(d) Identifying themselves by their careers.

4. What have many people been told by parents and guidance counselors?
(a) That they can be anything they want to be.
(b) That the job market is tight.
(c) Employment security is more important than happiness.
(d) Money is more important than happiness.

5. Each person has only a limited amount of what?
(a) Money.
(b) Intrinsic value.
(c) Emotional energy.
(d) Life energy.

Short Answer Questions

1. What is one difference a frugal person should consider when choosing between two similar vehicles?

2. What must a person do to become financially independent?

3. What two addictions are compared in Chapter 3?

4. What is Step 7?

5. What are bare necessities, as defined in Chapter 1?

(see the answer key)

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