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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. What is one of the main economic principles most businesses follow?
(a) Technology is good.
(b) Going green is good.
(c) Debt is good.
(d) Growth is good.

2. People strive to buy and earn more than they need to live at the peak of their fulfillment curve due to which perspective of money?
(a) Greed.
(b) Cultural.
(c) Intrinsic value.
(d) Emotional and psychological.

3. What is Question 3?
(a) Is income greater than expenses for the month?
(b) What are my dreams?
(c) How might this expenditure change if I did not have to work for a living?
(d) In how many years will I be able to retire?

4. People should spend only until they are fulfilled, just as they should do what?
(a) Work only until they feel fulfilled.
(b) Gamble within a preset limit.
(c) Eat only until they are full.
(d) Drink in moderation.

5. Why should people not budget their money?
(a) Budgeting takes time away from family activities.
(b) Budgeting increases spending.
(c) Budgeters feel as if they are giving up something they love.
(d) Budgeters are inclined to mathematical error.

Short Answer Questions

1. What causes emptiness?

2. Why should people ask themselves how they can help others to avoid pain they have experienced?

3. What do advertisements teach Americans?

4. Why should clothing be broken down into smaller categories, such as informal, work, sports, etc.?

5. Some people reach the top of their profession and make good money, yet are still not what?

Short Essay Questions

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

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

3. What perspective of money do the authors endorse? Why?

4. 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?

5. What is the first part of Step 3?

6. What should program participants do about their smaller, sometimes overlooked miscellaneous expenses?

7. What is the first part of Step 2? How is this accomplished?

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

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

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

(see the answer keys)

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