Your Money or Your Life Test | Mid-Book Test - Easy

Joe Dominguez
This set of Lesson Plans consists of approximately 131 pages of tests, essay questions, lessons, and other teaching materials.

Your Money or Your Life Test | Mid-Book Test - Easy

Joe Dominguez
This set of Lesson Plans consists of approximately 131 pages of tests, essay questions, lessons, and other teaching materials.
Buy the Your Money or Your Life Lesson Plans
Name: _________________________ Period: ___________________

This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. On average, what do Americans have more of than ever before?
(a) Education.
(b) Debt.
(c) Savings.
(d) Children.

2. In Question 2, what must participants ask if each expenditure is in alignment with?
(a) Their values and life purpose.
(b) Hours spent at work.
(c) Statistical norms.
(d) Family needs.

3. Attitude toward buying groceries is part of which perspective of money?
(a) Emotional and psychological.
(b) Life energy.
(c) Physical.
(d) Cultural.

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

5. What are comforts, as defined in Chapter 1?
(a) Things people really enjoy.
(b) Pillows and mattresses.
(c) Emotional support.
(d) Employment and financial security.

6. What is Question 3?
(a) What are my dreams?
(b) How might this expenditure change if I did not have to work for a living?
(c) Is income greater than expenses for the month?
(d) In how many years will I be able to retire?

7. What causes people to believe that "growth is good" and "more is better?"
(a) Emotional and psychological perspective of money.
(b) Personal responsibility.
(c) Fear of inflation, recession, and depression.
(d) Intrinsic value of money.

8. What does Question 1 help people figure out?
(a) How to choose a new career.
(b) How to increase income.
(c) How to eliminate debt.
(d) How they could increase or decrease spending to feel more fulfilled.

9. Why are vacations considered to be a work expense?
(a) Most employees take laptops or cell phones on vacation.
(b) They are necessary to relieve work-related stress.
(c) Only employed individuals can afford vacations.
(d) They are required by law.

10. How should people reduce spending?
(a) By increasing awareness of how much life energy it takes to pay for each expense.
(b) By taking a lower-paying job.
(c) By staying home.
(d) By putting money in the bank.

11. What is Step 1, Part 2 of the program?
(a) List everything owned.
(b) Determine net worth.
(c) Determine how much money has been earned so far in a lifetime.
(d) Declutter the garage and basement.

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

13. How many perspectives of money are there?
(a) Four.
(b) Six.
(c) One for each person.
(d) An infinite number.

14. What might cause readers to feel guilty, after completing Step 1?
(a) Feeling less successful than their work colleagues.
(b) Spending too much time with family.
(c) Seeing how much they owe or how little they have earned.
(d) Seeing their credit score.

15. What is an important aspect of the second half of Step 2?
(a) Saving as much money as possible.
(b) Saving life energy.
(c) Not feeling shame or blame.
(d) Tracking net worth.

Short Answer Questions

1. Why do people buy more than they need?

2. How often should people total their income and expenses?

3. Under which category does money paid to employ servants and service workers fall?

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

5. What does the amount spent divided by real hourly wage equal?

(see the answer keys)

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