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Name: _________________________ | Period: ___________________ |
This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 4.
Multiple Choice Questions
1. Attitude toward buying groceries is part of which perspective of money?
(a) Life energy.
(b) Emotional and psychological.
(c) Physical.
(d) Cultural.
2. What is the purpose of dividing income and expenses into categories?
(a) To determine net worth.
(b) To judge whether expenses are worth the life energy spent.
(c) To decide if a career change is warranted.
(d) To determine if enough money will be available for retirement.
3. What do advertisements teach Americans?
(a) Buy low, sell high.
(b) Work, work, and work some more.
(c) Consume, consume, and comsume some more.
(d) Relax, relax, and relax some more.
4. Why do people buy more than they need?
(a) Survival instinct.
(b) To donate to charity.
(c) Greed.
(d) To fight inflation.
5. How is net worth determined?
(a) Multiply monthly income by 12.
(b) Estimated current sale price of all items currently owned, plus other assets such as cash and investments.
(c) All items purchased during a lifetime.
(d) Add together everything owned, then subtract everything owed.
Short Answer Questions
1. Why are vacations considered to be a work expense?
2. What is the term for the unnecessary things, activities, and noise in our lives?
3. What should be included in the "miscellaneous" category?
4. Why are expensive convenience foods considered to be a work expense?
5. What is Step 1, Part 1 of the program?
This section contains 288 words (approx. 1 page at 300 words per page) |
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