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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.
Short Answer Questions
1. Earning, saving, and spending money are part of which perspective?
2. What should participants do if the answer to Question 2 is "no" for a particular item?
3. Which of the following does the cultural perspective of money include?
4. What is a possible advantage of switching to a lower-paying job?
5. How many perspectives of money are there?
Short Essay Questions
1. 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?
2. What perspective of money do the authors endorse? Why?
3. How do the authors compare budgeting with dieting?
4. What is the second half of Step 2? What are the most important aspects of this exercise?
5. Whenever people spend money, what more valuable commodity are they also spending?
6. Compare a person's typical response to a long-term threat with the typical response to an immediate threat.
7. What is the first part of Step 1? What is its purpose?
8. How should program participants use the charts at the end of Chapter 3?
9. Where does the "rat race" come from?
10. What is the final part of Step 3? How is this accomplished?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
What are the main issues and difficulties encountered by program participants when charting and categorizing expenses? How should program participants strike a balance between having too few categories, which inhibits evaluation and elimination of items, and having too many categories, which creates complication and tedium?
Essay Topic 2
What is inflation? Why are retired people largely inflation-proof, according to the authors? What strategies can anyone use, whether retired or not, to avoid the effects of inflation?
Essay Topic 3
After determining how much money they have ever made and after determining net worth, why do some program participants feel guilty? What advice do the authors offer, for overcoming this guilt? List at least three ways in which success in the financial program would offset guilt.
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This section contains 769 words (approx. 3 pages at 300 words per page) |
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