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

Multiple Choice Questions

1. 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) Being poor versus being rich.
(d) Having more leisure time than work time.

2. What is the purpose of dividing income and expenses into categories?
(a) To decide if a career change is warranted.
(b) To determine if enough money will be available for retirement.
(c) To judge whether expenses are worth the life energy spent.
(d) To determine net worth.

3. How often should people total their income and expenses?
(a) Whenever a paycheck is deposited.
(b) Once a week.
(c) Daily.
(d) Once a month.

4. What broad category are alcohol and tobacco subcategories of?
(a) Forbidden expenses.
(b) Acceptable expenses.
(c) Recreational expenses.
(d) Occasional expenses.

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 are comforts, as defined in Chapter 1?

2. People should spend only until they are fulfilled, just as they should do what?

3. What causes emptiness?

4. What can help people determine what they value?

5. How should people reduce spending?

(see the answer key)

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