View a FREE sample

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

Multiple Choice Questions

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

2. How is net worth determined?
(a) Multiply monthly income by 12.
(b) Add together everything owned, then subtract everything owed.
(c) All items purchased during a lifetime.
(d) Estimated current sale price of all items currently owned, plus other assets such as cash and investments.

3. Each person has only a limited amount of what?
(a) Emotional energy.
(b) Money.
(c) Life energy.
(d) Intrinsic value.

4. Why do many people give up on their dreams?
(a) They believe dreams have no meaning.
(b) They believe dreams use life energy.
(c) Dreams may not be practical and often do not fit in with reality.
(d) People dream when they sleep too many hours per night.

5. What are bare necessities, as defined in Chapter 1?
(a) A house and car.
(b) Everything owned by an individual.
(c) Food and water.
(d) All items needed to meet basic physical needs.

6. Which perspective is the notion of "keeping up with the neighbors" part of?
(a) Personal responsibility and transformation.
(b) Step 2.
(c) Emotional and psychological.
(d) Inflation.

7. What should the amount started with at the beginning of the month, plus total income, minus total expenses equal?
(a) Net worth.
(b) The amount of money they have left at the end of the month.
(c) Gross income.
(d) The amount shown on a bank statement.

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

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

10. Why do people buy more than they need?
(a) To fight inflation.
(b) To donate to charity.
(c) Survival instinct.
(d) Greed.

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

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

13. Which perspective of money should readers embrace?
(a) Life energy.
(b) Hedges against inflation.
(c) Personal responsibility and transformation.
(d) A personal perspective.

14. What are dreams good clues to?
(a) Employment options.
(b) Hours slept per night.
(c) The future.
(d) Values, purpose, and life mission.

15. What items are included in everything owned?
(a) All items purchased during a lifetime.
(b) Add together everything owned, then subtract everything owed.
(c) Estimated current sale price of all items currently owned, plus other assets such as cash and investments.
(d) All items in the garage and basement.

Short Answer Questions

1. Why should people ask themselves how they can help others to avoid pain they have experienced?

2. What is the state of having enough to spend in order to purchase just enough?

3. What is the purpose of dividing income and expenses into categories?

4. Where do most products we purchase end up?

5. What is the final part of Step 3?

(see the answer keys)

This section contains 579 words (approx. 2 pages at 300 words per page) View a FREE sample