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Name: _________________________ | Period: ___________________ |
This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.
Multiple Choice Questions
1. What is the main pitfall of combining work with true passion or enjoyment?
(a) Passion doesn't always make up for lack of talent.
(b) Enjoyment goes against the puritan work ethic.
(c) Having to compromise in order to satisfy someone else.
(d) Enjoyable jobs don't command respect.
2. Monthly investment income is calculated by determining current excess money each month, then doing what?
(a) Multiplying it by the current short-term interest rate for U.S. Treasury bonds, then dividing by 12.
(b) Multiplying it by the current long-term interest rate for U.S. Treasury bonds, then dividing by 12.
(c) Multiplying it by the current short-term interest rate for U.S. Treasury bonds, then multiplying by 12.
(d) Multiplying it by the current long-term interest rate for U.S. Treasury bonds, then multiplying by 12.
3. What do the authors describe as "having a high joy-to-stuff ratio?"
(a) Life energy.
(b) Being frugal.
(c) Success.
(d) Retirement.
4. What is one sure way to save money?
(a) Retire early.
(b) Find a higher-paying job.
(c) Stop trying to impress other people.
(d) Find alternative housing.
5. When can program participants consider retirement?
(a) After reaching the crossover point.
(b) When total income exceeds expenses.
(c) After working for 20 years in the same field.
(d) At age 65.
Short Answer Questions
1. What is one difference a frugal person should consider when choosing between two similar vehicles?
2. In the 101 SURE WAYS TO SAVE MONEY section, what do the authors advise people to do in order to save on housing?
3. What is the best method of choosing which expenses to reduce or eliminate?
4. How should people handle unusual extra expenses?
5. What is the recommended size of the wall chart?
Short Essay Questions
1. Summarize the 10 SURE WAYS TO SAVE MONEY.
2. What is a "cushion?" What are the advantages of having a cushion?
3. What are the advantages of predicting when the crossover point will occur?
4. Why are most people happier when their jobs are not related to their passions?
5. What happens for most people, after using the wall chart for a while?
6. Describe the nature of 101 SURE WAYS TO SAVE MONEY.
7. How do peoples' words cause them to identify themselves personally with their jobs? Why is this a problem?
8. Why is it unwise to seek employment in an area involving a person's passion?
9. How is Step 8 completed? What does it allow program participants to do?
10. What span of time should the wall chart cover? Why?
This section contains 1,009 words (approx. 4 pages at 300 words per page) |
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