Your Money or Your Life Test | Mid-Book Test - Hard

Joe Dominguez
This set of Lesson Plans consists of approximately 131 pages of tests, essay questions, lessons, and other teaching materials.

Your Money or Your Life Test | Mid-Book Test - Hard

Joe Dominguez
This set of Lesson Plans consists of approximately 131 pages of tests, essay questions, lessons, and other teaching materials.
Buy the Your Money or Your Life Lesson Plans
Name: _________________________ Period: ___________________

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

Short Answer Questions

1. What is the key to good spending habits?

2. Why are expensive convenience foods considered to be a work expense?

3. Attitude toward buying groceries is part of which perspective of money?

4. For Question 3 under what circumstance would one enter a minus sign on the chart?

5. What is the state of having enough to spend in order to purchase just enough?

Short Essay Questions

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

2. For Step 4, what is the third question program participants should ask, regarding every expense on their chart? What does this question prompt people to do?

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

4. What is the first part of Step 3?

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

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

7. 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?

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

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

10. Why is Step 4 considered the heart of the program?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Why do the authors encourage program participants to calculate their real wage? Based on real wage, why should people sometimes consider changing to a lower-paying job? How does this jibe with the authors' advice elsewhere in the book, to maximize income?

Essay Topic 2

According to the authors, why does money have no intrinsic value? What are the four perspectives of money? Which perspectives do the authors reject? Why? Which perspective do the authors advocate? Why?

Essay Topic 3

What is the difference between a cushion and a cache? Is one more desirable than the other is? Which will a program participant obtain first?

(see the answer keys)

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