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

Multiple Choice Questions

1. What is the state of having enough to spend in order to purchase just enough?
(a) The peak of the fulfillment curve.
(b) The middle of the success spectrum.
(c) The peak of the success spectrum.
(d) The bottom of the fulfillment curve.

2. What will eventually run out?
(a) The earth's resources.
(b) Job growth.
(c) Social Security.
(d) Time and money.

3. Why are expensive convenience foods considered to be a work expense?
(a) Factories employ people to produce convenience foods.
(b) Unemployed people cannot afford convenience foods.
(c) Convenience foods promote life energy.
(d) People are too tired after work to make dinner.

4. Why should clothing be broken down into smaller categories, such as informal, work, sports, etc.?
(a) To encourage donations of older clothes to charity.
(b) To avoid purchases that are worn only once.
(c) To encourage participation in sports.
(d) To allow for a greater volume of work-related purchases.

5. For Question 1, what should be written in the chart if just enough was spent on an item?
(a) A minus.
(b) A plus.
(c) A zero.
(d) A check.

Short Answer Questions

1. What is budgeting similar to?

2. Which of the following does the cultural perspective of money include?

3. What causes people to believe that "growth is good" and "more is better?"

4. What is a possible advantage of switching to a lower-paying job?

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

(see the answer key)

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