View a FREE sample

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

Multiple Choice Questions

1. Why should people not budget their money?
(a) Budgeters feel as if they are giving up something they love.
(b) Budgeting takes time away from family activities.
(c) Budgeters are inclined to mathematical error.
(d) Budgeting increases spending.

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

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

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

5. Why should readers not use premade categories from other budget books?
(a) Everyone has different spending habits.
(b) Some categories are difficult to track.
(c) Other budget books are inferior.
(d) Some categories may be out of date.

Short Answer Questions

1. What is Step 1, Part 2 of the program?

2. What does the physical perspective of money include?

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

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

5. What will eventually run out?

(see the answer key)

This section contains 269 words (approx. 1 page at 300 words per page) View a FREE sample