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

Multiple Choice Questions

1. What must people do in order to make Step 3 work?
(a) Be as truthful as possible.
(b) Reduce spending.
(c) Work fewer hours.
(d) Work more hours.

2. What are comforts, as defined in Chapter 1?
(a) Emotional support.
(b) Pillows and mattresses.
(c) Employment and financial security.
(d) Things people really enjoy.

3. 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.

4. Which of the following does the cultural perspective of money include?
(a) Buying insurance.
(b) Fear when investing.
(c) Life energy.
(d) Fear of inflation.

5. How should people reduce spending?
(a) By increasing awareness of how much life energy it takes to pay for each expense.
(b) By staying home.
(c) By putting money in the bank.
(d) By taking a lower-paying job.

Short Answer Questions

1. Why are vacations considered to be a work expense?

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

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

4. Why should readers not use premade categories from other budget books?

5. What is the term for the unnecessary things, activities, and noise in our lives?

(see the answer key)

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