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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 9.

Multiple Choice Questions

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

2. Prestige, status, and power can be reasons for what?
(a) Keeping up with the neighbors.
(b) Choosing a certain job.
(c) Retaining life energy.
(d) Early retirement.

3. Where do values come from?
(a) Beliefs.
(b) Working harder.
(c) Bargain hunting.
(d) Saving money.

4. What should frugal people research before purchasing items?
(a) Color, style, and multiple use.
(b) Popularity, quality, durability, and multiple use.
(c) Value, quality, and availability.
(d) Value, quality, durability, and multiple use.

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

Short Answer Questions

1. What have many people been told by parents and guidance counselors?

2. How should program participants adjust their medical insurance?

3. Participants should always remain conscious of what?

4. What should people do with their extra money, once they earn more per month than they spend?

5. What is Step 8 of the program?

(see the answer key)

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