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

Multiple Choice Questions

1. What attitude do the authors want readers to carry?
(a) No shame, no blame.
(b) No guts, no glory.
(c) No pain, no gain.
(d) No harm, no foul.

2. What is the first half of Step 2?
(a) Determine net worth.
(b) Determine real hours worked.
(c) Not feeling shame or blame.
(d) Determine real hourly wage.

3. People strive to buy and earn more than they need to live at the peak of their fulfillment curve due to which perspective of money?
(a) Emotional and psychological.
(b) Greed.
(c) Intrinsic value.
(d) Cultural.

4. What two addictions are compared in Chapter 3?
(a) Overeating and overspending.
(b) Gambling and shopping.
(c) Alcoholism and smoking.
(d) Overspending and gambling.

5. Which of the following does the cultural perspective of money include?
(a) Life energy.
(b) Fear when investing.
(c) Fear of inflation.
(d) Buying insurance.

6. Where do most products we purchase end up?
(a) In garage sales.
(b) Overseas.
(c) Passed on to the next generation.
(d) In landfills.

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

8. What have many people been told by parents and guidance counselors?
(a) Money is more important than happiness.
(b) Employment security is more important than happiness.
(c) That they can be anything they want to be.
(d) That the job market is tight.

9. Why should people ask themselves how they can help others to avoid pain they have experienced?
(a) To take their minds off their financial issues.
(b) To find a new career option.
(c) To reduce stress.
(d) To determine their real purpose in life.

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

11. What can help people determine what they value?
(a) Assessing their careers.
(b) What items they possess.
(c) Asking how they would spend their time if they had one year to live.
(d) Studying family history.

12. Some people reach the top of their profession and make good money, yet are still not what?
(a) Happy.
(b) Wealthy.
(c) Married.
(d) Secure.

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

14. Which of the following does the emotional and psychological perspective of money include?
(a) Fear of unemployment.
(b) The tendency to spend quickly or cautiously.
(c) Using credit cards.
(d) Personal responsibility.

15. What do people earn money by trading?
(a) Life energy.
(b) Excess possessions.
(c) Stocks and bonds.
(d) Job skills.

Short Answer Questions

1. What does Question 1 help people figure out?

2. How is a real hourly wage figured?

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

4. Which perspective is the notion of "keeping up with the neighbors" part of?

5. What is one of the main economic principles most businesses follow?

(see the answer keys)

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