View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 4.

Multiple Choice Questions

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

2. How many perspectives of money are there?
(a) One for each person.
(b) Six.
(c) An infinite number.
(d) Four.

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

4. Why are small, specific categories recommended over traditional, broad categories?
(a) Smaller categories allow people to determine which purchases bring only temporary happiness.
(b) Broad categories cost more life energy.
(c) Broad categories work only for high-income individuals.
(d) Specific categories are easier to place on a chart.

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

Short Answer Questions

1. What does Question 1 help people figure out?

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

3. What must people do in order to make Step 3 work?

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

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

(see the answer key)

This section contains 276 words (approx. 1 page at 300 words per page) View a FREE sample