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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 8.

Multiple Choice Questions

1. What usually happens after a person retires from their job?
(a) Income goes up.
(b) Expenses go up.
(c) Expenses go down.
(d) Expenses and income stay about the same.

2. Under which category does money paid to employ servants and service workers fall?
(a) Keeping up with the neighbors.
(b) Work-related expense.
(c) Cultural.
(d) More is better.

3. Why are small, specific categories recommended over traditional, broad categories?
(a) Broad categories cost more life energy.
(b) Smaller categories allow people to determine which purchases bring only temporary happiness.
(c) Broad categories work only for high-income individuals.
(d) Specific categories are easier to place on a chart.

4. Which perspective of money should readers embrace?
(a) Personal responsibility and transformation.
(b) A personal perspective.
(c) Hedges against inflation.
(d) Life energy.

5. What is the purpose of dividing income and expenses into categories?
(a) To decide if a career change is warranted.
(b) To determine if enough money will be available for retirement.
(c) To judge whether expenses are worth the life energy spent.
(d) To determine net worth.

Short Answer Questions

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

2. What is the intrinsic value of money?

3. What are "gazingus pins?"

4. Participants should always remain conscious of what?

5. Earning, saving, and spending money are part of which perspective?

(see the answer key)

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