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

Multiple Choice Questions

1. What makes the difference between a good life and a great life?
(a) Contributing money, energy, or time after having enough.
(b) A good job or a great job.
(c) Having more leisure time than work time.
(d) Being poor versus being rich.

2. What do advertisements teach Americans?
(a) Relax, relax, and relax some more.
(b) Buy low, sell high.
(c) Consume, consume, and comsume some more.
(d) Work, work, and work some more.

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

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

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

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

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

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

9. What is the intrinsic value of money?
(a) Money has no intrinsic value.
(b) Emotional and psychological.
(c) Physical.
(d) Real hourly wage.

10. The charts shown in the book for single people and couples are meant to be used how?
(a) As a family budget.
(b) As strict guides.
(c) As tax records.
(d) As inspiration.

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

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

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

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

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

Short Answer Questions

1. What is a possible advantage of switching to a lower-paying job?

2. What is an important aspect of the second half of Step 2?

3. What are dreams good clues to?

4. Where do most products we purchase end up?

5. How is net worth determined?

(see the answer keys)

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