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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. What do advertisements teach Americans?

2. What does the physical perspective of money include?

3. What do people earn money by trading?

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

5. What is the purpose of dividing income and expenses into categories?

Short Essay Questions

1. How should program participants use the charts at the end of Chapter 3?

2. What is the first part of Step 3?

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

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

5. How do the authors compare budgeting with dieting?

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

7. What are the three perspectives of money the authors ask program participants to reject? Include brief descriptions.

8. How does our consumption hurt the environment?

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

10. 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?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Why should people try their best to get out of debt, when credit cards are readily available? Why should people save a six-month cushion? What is the real meaning of financial independence?

Essay Topic 2

Define the crossover point and its relationship to retirement. Why is the crossover point central to this financial program? What options are available to a person once they reach their crossover point?

Essay Topic 3

The authors express displeasure with each of the following concepts: business as usual; over-consumption; keeping up with neighbors; the rat race; and clutter. Choose one concept and analyze why the item causes problems for individuals, for society, and for the planet.

(see the answer keys)

This section contains 770 words (approx. 3 pages at 300 words per page) View a FREE sample