View a FREE sample

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

Multiple Choice Questions

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

2. What do most people claim to value more than money?
(a) Their jobs.
(b) Their lives.
(c) Their health.
(d) Their talents.

3. If people spend half of their time sleeping, eating, and doing everything necessary for maintaining their bodies, then the other half is available for what?
(a) Whatever they choose.
(b) Life energy.
(c) Keeping up with the neighbors.
(d) Managing money.

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

5. For Question 3 under what circumstance would one enter a minus sign on the chart?
(a) If the expense category will most likely cease after retirement.
(b) If that expense category will most likely be reduced after retirement.
(c) If the expense category does not fit with values.
(d) If monthly expenses exceed monthly income.

6. What causes emptiness?
(a) After spending time with family, the temporary happiness fades.
(b) After buying a new item, the temporary happiness fades.
(c) Losing a job.
(d) Spending too much time on leisure activities.

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

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

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

10. Question 3 asks participants to consider what it would be like to do what?
(a) Find a life mission.
(b) Conserve life energy.
(c) Eliminate debt.
(d) Retire.

11. What is the key to good spending habits?
(a) Full consciousness.
(b) Full complacency.
(c) Full compulsion.
(d) Full contentment.

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

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

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

15. Why do many people give up time with family, working on hobbies, and fulfilling dreams?
(a) They fear success.
(b) They are too busy working.
(c) They are insecure.
(d) They are lazy.

Short Answer Questions

1. What do advertisements teach Americans?

2. What is the intrinsic value of money?

3. In Question 1, for each expense, participants must ask if they received fulfillment, satisfaction, and value in proportion to what?

4. How is net worth determined?

5. People should spend only until they are fulfilled, just as they should do what?

(see the answer keys)

This section contains 575 words (approx. 2 pages at 300 words per page) View a FREE sample