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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 8.

Multiple Choice Questions

1. The wall chart should accommodate data for how long?
(a) Until retirement.
(b) Five to seven months.
(c) Seven to ten years.
(d) Five to seven years.

2. For Question 3 under what circumstance would one enter a minus sign on the chart?
(a) If monthly expenses exceed monthly income.
(b) If the expense category does not fit with values.
(c) If the expense category will most likely cease after retirement.
(d) If that expense category will most likely be reduced after retirement.

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

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

5. People should have enough savings to cover expenses for how long?
(a) Six months.
(b) One year.
(c) Four months.
(d) Nine months.

Short Answer Questions

1. What three columns should record-keeping include?

2. What are some good alternatives to buying what is needed?

3. In Question 1, for each expense, participants must ask if they received fulfillment, satisfaction, and value in proportion to what?

4. Statistically, how many Americans are overweight?

5. A person's crossover point is an estimate based on which type of expenses?

(see the answer key)

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