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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 6.

Multiple Choice Questions

1. 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) Specific categories are easier to place on a chart.
(d) Broad categories work only for high-income individuals.

2. What is the key to good spending habits?
(a) Full compulsion.
(b) Full complacency.
(c) Full consciousness.
(d) Full contentment.

3. What is a possible advantage of switching to a lower-paying job?
(a) Less money available to spend.
(b) More time available for continuing education.
(c) Ultimately earning more for each hour of life energy spent.
(d) Less life energy spent equals a longer lifespan.

4. Question 1 is answered with a plus sign under what circumstance?
(a) If the expenditure was worth the life energy spent.
(b) If the purchase was work-related.
(c) If income is greater than expenses for the month.
(d) If the expenditure was a necessity.

5. How should people handle unusual extra expenses?
(a) Try to obtain a higher-paying job.
(b) Pay with cash or try to spread the expense out over several months.
(c) Obtain a home equity loan.
(d) Obtain a designated credit card.

Short Answer Questions

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

2. Why do many people give up time with family, working on hobbies, and fulfilling dreams?

3. What makes the difference between a good life and a great life?

4. People should have enough savings to cover expenses for how long?

5. Question 3 asks participants to consider what it would be like to do what?

(see the answer key)

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