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

2. What items are included in everything owned?
(a) Add together everything owned, then subtract everything owed.
(b) All items purchased during a lifetime.
(c) All items in the garage and basement.
(d) Estimated current sale price of all items currently owned, plus other assets such as cash and investments.

3. In Question 2, what must participants ask if each expenditure is in alignment with?
(a) Their values and life purpose.
(b) Family needs.
(c) Statistical norms.
(d) Hours spent at work.

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

5. Most Americans divide their discretionary time equally between what two activities?
(a) Eating and drinking.
(b) Family and friends.
(c) Leisure and retirement.
(d) Working and spending.

Short Answer Questions

1. On average, what do Americans have more of than ever before?

2. Why do many people give up time with family, working on hobbies, and fulfilling dreams?

3. What attitude do the authors want readers to carry?

4. Why should people not budget their money?

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

Short Essay Questions

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

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

3. How does the protestant work ethic influence the behavior of many Americans?

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

5. Where does the "rat race" come from?

6. What is the first part of Step 3?

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

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

9. What is the second half of Step 2? What are the most important aspects of this exercise?

10. What should program participants do, rather than create a budget?

(see the answer keys)

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