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

Multiple Choice Questions

1. What broad category are alcohol and tobacco subcategories of?
(a) Occasional expenses.
(b) Acceptable expenses.
(c) Recreational expenses.
(d) Forbidden expenses.

2. For Question 1, what should be written in the chart if just enough was spent on an item?
(a) A check.
(b) A plus.
(c) A minus.
(d) A zero.

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

4. What is one of the main economic principles most businesses follow?
(a) Technology is good.
(b) Growth is good.
(c) Debt is good.
(d) Going green is good.

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

6. 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 the expenditure was a necessity.
(d) If income is greater than expenses for the month.

7. What is the second half of Step 2?
(a) Saving as much money as possible.
(b) Looking for a better job.
(c) Selling unnecessary luxuries.
(d) Keeping meticulous track of every cent that comes in or goes out.

8. How often should people total their income and expenses?
(a) Once a month.
(b) Whenever a paycheck is deposited.
(c) Once a week.
(d) Daily.

9. What does Chapter 4 help people to figure out?
(a) How to increase income.
(b) What is fulfilling for them.
(c) How to reduce expenses.
(d) How to save life energy.

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

11. What must a person do to become financially independent?
(a) Save as much as possible.
(b) Work harder.
(c) Let go of everything they have learned about money.
(d) Inherit from rich relatives.

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

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

14. What is the purpose of dividing income and expenses into categories?
(a) To determine if enough money will be available for retirement.
(b) To determine net worth.
(c) To decide if a career change is warranted.
(d) To judge whether expenses are worth the life energy spent.

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

Short Answer Questions

1. Why are expensive convenience foods considered to be a work expense?

2. What causes people to believe that "growth is good" and "more is better?"

3. What might cause readers to feel guilty, after completing Step 1?

4. What causes emptiness?

5. What will eventually run out?

(see the answer keys)

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