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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. 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.

2. What do the authors suggest that people divide their spending into?
(a) Three columns.
(b) Categories that make sense for them.
(c) Categories defined in Chapter 3.
(d) Categories determined by life energy.

3. What causes people to believe that "growth is good" and "more is better?"
(a) Emotional and psychological perspective of money.
(b) Personal responsibility.
(c) Intrinsic value of money.
(d) Fear of inflation, recession, and depression.

4. What is budgeting similar to?
(a) Filing taxes.
(b) Reducing income.
(c) Mathematics.
(d) Dieting.

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

Short Answer Questions

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

2. Which perspective of money should readers embrace?

3. How is net worth determined?

4. Why are small, specific categories recommended over traditional, broad categories?

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

Short Essay Questions

1. Compare a person's typical response to a long-term threat with the typical response to an immediate threat.

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

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

4. What are some problems associated with "business as usual?"

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

6. What is the first part of Step 1? What is its purpose?

7. Why does the result from the first part of Step 2 sometimes prompt participants to seek a lower-paying job?

8. What is the first part of Step 3?

9. What should program participants do about their smaller, sometimes overlooked miscellaneous expenses?

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

(see the answer keys)

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