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

Multiple Choice Questions

1. Why are vacations considered to be a work expense?
(a) Only employed individuals can afford vacations.
(b) They are necessary to relieve work-related stress.
(c) They are required by law.
(d) Most employees take laptops or cell phones on vacation.

2. What makes the difference between a good life and a great life?
(a) Contributing money, energy, or time after having enough.
(b) A good job or a great job.
(c) Having more leisure time than work time.
(d) Being poor versus being rich.

3. What allows people to enjoy their planet, community, and spirituality more than ever before?
(a) Being green.
(b) Retirement.
(c) Living frugally.
(d) Taking more vacations.

4. What causes emptiness?
(a) After spending time with family, the temporary happiness fades.
(b) After buying a new item, the temporary happiness fades.
(c) Spending too much time on leisure activities.
(d) Losing a job.

5. Why do people buy more than they need?
(a) Greed.
(b) To fight inflation.
(c) To donate to charity.
(d) Survival instinct.

Short Answer Questions

1. Earning, saving, and spending money are part of which perspective?

2. What is budgeting similar to?

3. What do most people claim to value more than money?

4. What is one of the main economic principles most businesses follow?

5. Where do values come from?

(see the answer key)

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