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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

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

2. What should be included in the "miscellaneous" category?
(a) Gazingus pins.
(b) Nothing.
(c) Items purchased less than once a month.
(d) Items under $10.

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

4. Why are expensive convenience foods considered to be a work expense?
(a) Unemployed people cannot afford convenience foods.
(b) Convenience foods promote life energy.
(c) People are too tired after work to make dinner.
(d) Factories employ people to produce convenience foods.

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

Short Answer Questions

1. What should participants do if the answer to Question 2 is "no" for a particular item?

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

3. What is budgeting similar to?

4. The charts shown in the book for single people and couples are meant to be used how?

5. What will eventually run out?

Short Essay Questions

1. What is the first part of Step 2? How is this accomplished?

2. Why is it beneficial to be specific with categories, rather than more general?

3. Whenever people spend money, what more valuable commodity are they also spending?

4. What is the second part of Step 1? What attitude should participants try to maintain when they see their result?

5. What happens when businesses operate according to the theory that "growth is good?"

6. For Step 4, what is the first question program participants should ask, regarding every expense on their chart? How does the chart answer the question?

7. What perspective of money do the authors endorse? Why?

8. What is the final part of Step 3? How is this accomplished?

9. Why do many people give up on their dreams early in life?

10. What do the two parts of Step 2 allow program participants to track?

(see the answer keys)

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