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Indicate whether the statement is true or false.
1. In the New Economy, people are most rewarded through education and intellectual growth when they spend years
studying a broad array of subjects in formal educational settings.
a. True
b. False
2. Self-exploration and continual evaluation of your needs, goals, and job satisfaction are important.
a. True
b. False
3. When developing your life plan, it is important to meet the expectations of others—especially those of family, friends,
and mentors—in the choices you make.
a. True
b. False
4. Helen hands Linda a self-development book and tells her that it will help her break her tendency to procrastinate.
Helen’s advice is unlikely to help if Linda isn’t already motivated to change.
a. True
b. False
5. According to the total-person model, one experiences success when both personal and work-related needs are satisfied.
a. True
b. False
6. For exercise to be effective in improving health, people must be physically active for at least 60 minutes on an everyday
basis.
a. True
b. False
7. Feedback from others can be an important key to changing a habit.
a. True
b. False
8. In an effort to eat a healthy diet, one should be familiar with the food pyramid first released in the 1990s. It remains the
best way to measure the foods you eat.
a. True
b. False
9. Choosing right livelihood is simply a matter of doing what you like to do.
a. True
b. False
10. Only the labor force in Sweden works harder and longer than Americans.
a. True
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b. False
11. Meditation, prayer, spiritual reading, and time with nature are all ways to achieve healthy spirituality.
a. True
b. False
12. Jim feels depressed in the months following his layoff. His concept of success is likely founded on the satisfaction of
nonfinancial resources, like job title.
a. True
b. False
13. When making important life choices, people who accept the “right livelihood” concept consider the importance of
financial stability but place money and security in a secondary position.
a. True
b. False
14. Good health is receiving greater attention today because the majority of Americans are at a healthy weight and
spending more time in the gym.
a. True
b. False
15. Regular exercise and a healthy diet produce greater mental clarity, a higher energy level, and a more youthful
appearance.
a. True
b. False
16. Older workers find themselves racing to keep their skills updated while facing age discrimination.
a. True
b. False
17. Nonfinancial rewards can often make bigger contributions to a happy and fulfilling life than financial rewards can.
a. True
b. False
18. The first step in managing your finances is spending what you earn.
a. True
b. False
19. To lose weight in a healthy manner, choose one or two low-calorie food items to eat for a long period of time.
a. True
b. False
20. Once you understand the benefits of breaking a habit, it is important to seek advice or learn from the experiences of
others.
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a. True
b. False
Indicate the answer choice that best completes the statement or answers the question.
21. Dave and Becky spend one Saturday per month helping Habitat for Humanity build homes for poor families in their
hometown. Their activity most likely directly enhances their
a. disposable income.
b. social standing.
c. spiritual health.
d. intellectual growth.
22. Which of the following is true about developing a life plan for effective human relations?
a. It generally results in satisfying relations with others at the expense of career advancement.
b. It only works if you are working for a small, progressive company.
c. It can mean career advancement and financial benefits as well as strong, satisfying relationships with others.
d. It takes a long time and the benefits are generally minimal.
23. The New Economy rewards workers who
a. develop a strong personal brand by building clarifying, confirming, and building their strengths.
b. learn a little about as many different topics as they possibly can.
c. develop new working habits that allow them to spend more time in the office.
d. all of these
24. Julie’s boss, Lacey, is a workaholic who is always pressuring Julie to work at the same breakneck pace that she
considers appropriate, setting impossible project deadlines. Julie, who values her leisure time with family, should
a. protect her job security by giving up some of her recreation time to please Lacey.
b. meet with Lacey to discuss setting more realistic, but mutually acceptable, deadlines.
c. stick to her guns and refuse to consider Lacey’s point of view.
d. refuse Lacey’s suggestion to work remotely to keep work from encroaching on her home.
Case 17.1
William is a 38-year-old computer systems executive. He has come to a point in his life where he is reassessing his
ambitions and personal life. He attends professional development conferences regularly and is working on an MBA.
Although he eats a low-fat diet and exercises regularly, he works 70–80 hours a week, seldom sees his children except
after they are in bed, does not visit his place of worship except on religious holidays, and feels as though his wife is a
stranger. William believes that if he can earn just 20 percent more, he can relax because his family will be financially
secure.
25. Refer to Case 17.1. Should William begin earning 20 percent more, what is he likely to discover?
a. Money does not create or sustain happiness.
b. Money is ultimately the most effective way to developing security in life.
c. He needs more money beyond the 20 percent salary increase.
d. Money is more important than physical fitness.
26. People who have a large network of social relationships and are members of civic and other groups
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a. are less successful than those with fewer social obligations.
b. tend to be happier.
c. are not as overworked.
d. are less likely to get promoted.
27. In his late 30s, Jerry quit his lucrative career in engineering to teach middle school science. His teaching salary is one–
third less and his work hours are one-third more compared to his engineering work; however, he finds the work fulfilling.
Jerry is happy that he finally found the courage to make a career switch that he had been considering for several years.
Jerry’s career change is an example of
a. religious awakening.
b. right livelihood.
c. natural progression.
d. professional advancement.
Case 17.1
William is a 38-year-old computer systems executive. He has come to a point in his life where he is reassessing his
ambitions and personal life. He attends professional development conferences regularly and is working on an MBA.
Although he eats a low-fat diet and exercises regularly, he works 70–80 hours a week, seldom sees his children except
after they are in bed, does not visit his place of worship except on religious holidays, and feels as though his wife is a
stranger. William believes that if he can earn just 20 percent more, he can relax because his family will be financially
secure.
28. Refer to Case 17.1. In order to attain a “right livelihood,” William needs to
a. get promoted so he can delegate more of his work.
b. lose weight and get in better shape.
c. de-emphasize the spiritual side of his life.
d. make a conscious choice to do so.
29. Mary has decided she needs to quit smoking for her health and the health of her family. She has spoken with her
doctor and has gathered information from the Internet and directly from friends who have quit smoking. What does Mary
need to do next?
a. Reward herself in some way as reinforcement
b. Get some feedback from friends and family on her progress
c. Apply the information she has learned to either smoke less or stop completely
d. Develop a desire to change her habit
Case 17.1
William is a 38-year-old computer systems executive. He has come to a point in his life where he is reassessing his
ambitions and personal life. He attends professional development conferences regularly and is working on an MBA.
Although he eats a low-fat diet and exercises regularly, he works 70–80 hours a week, seldom sees his children except
after they are in bed, does not visit his place of worship except on religious holidays, and feels as though his wife is a
stranger. William believes that if he can earn just 20 percent more, he can relax because his family will be financially
secure.
30. Refer to Case 17.1. The nonfinancial resource that is most obviously missing from William’s life is which of the
following?
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a. Self-esteem
b. Education and training
c. Leisure time
d. Healthy diet
31. Refer to Case 17.1. In order to attain a “right livelihood,” William needs to
a. accept the myth of scarcity.
b. place money in a secondary position.
c. spend what he earns.
d. avoid discussing financial matters with his family.
32. Once you are aware of the need to change a certain habit in your life, you must
a. develop a commitment to change.
b. reward yourself for seeing the need for change.
c. keep the decision to change to yourself in case you are unable to change.
d. become critical of others who still have that habit.
33. Which of the following statements offers an effective way to break a negative habit or to form a positive habit?
a. Avoid feedback from others because they do not understand your situation.
b. Reward yourself only after you have achieved your final goal.
c. Plan a different change to make if you do not succeed within a few days.
d. Practice what you have learned to change your behavior.
34. Which of the following is a good money management strategy?
a. Establish a simple record-keeping system to track how your income is being spent.
b. Remember that dual-income families are more successful about limiting their spending than single-income
families.
c. Don’t use credit cards.
d. Rely on credit cards rather than loans to fund large purchases.
35. People who embrace right livelihood accept that money and security are
a. not to be taken for granted.
b. essential to maintaining a stable marriage and family life.
c. the key to personal satisfaction.
d. not the primary rewards in life.
Case 17.1
William is a 38-year-old computer systems executive. He has come to a point in his life where he is reassessing his
ambitions and personal life. He attends professional development conferences regularly and is working on an MBA.
Although he eats a low-fat diet and exercises regularly, he works 70–80 hours a week, seldom sees his children except
after they are in bed, does not visit his place of worship except on religious holidays, and feels as though his wife is a
stranger. William believes that if he can earn just 20 percent more, he can relax because his family will be financially
secure.
36. Refer to Case 17.1. William has decided to change a significant habit in his life. At this time, he is reading about the
habit and gathering ideas on how to change it. William is in which stage of the change process?
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a. Motivation
b. Knowledge
c. Practice
d. Reinforcement
37. Malcolm is starting to turn down overtime opportunities, he has developed a personal reading list that he is working
through, and he is cutting back from seven-day weeks to five-and-one-half-day weeks. Malcolm is most likely working on
what kind of nonfinancial resource?
a. Work as self-expression
b. Education and training
c. Deeper spirituality
d. Increased leisure time
38. Recent economic, social, and demographic disturbances have many people overworked or without jobs, feeling
depressed and anxious about their future. Which of the following statements does not adequately put today’s challenges
into perspective?
a. Typical careers today rarely follow straight upward paths, but rather dart in many directions.
b. Such challenges provide motivation to focus more and work harder on stabilizing or reclaiming one’s career and
job-centered identity.
c. Despite these changes, one can still discover success by redefining it in terms of other, non-work related
dimensions.
d. Challenges offer an opportunity to reexamine one’s choices and to make new ones that uncover greater meaning
and personal satisfaction.
39. With regard to exercise, it is important to
a. participate in physical activity 3 or 4 times a month.
b. avoid sedentary behavior such as sitting too much.
c. take the “no pain, no gain” approach.
d. choose only vigorous, not moderate, activities.
40. Nonfinancial resources include things such as
a. a well-earned bonus check.
b. an award for achieving a sales goal.
c. a training seminar related to one’s field of work.
d. all of these
41. Which of the following examples best demonstrates mature money management?
a. Lina doesn’t necessarily track her spending habits, but she does manage to at least break even each month.
b. Tyrese’s spending habits are largely influenced by keeping up with the latest trends and conveniences.
c. Donna often borrows when interest rates are low.
d. Diego earns $2,400 a month and sticks to a budget that allows him to save $100 per month.
42. Which of the following is not a key guideline for a healthy diet?
a. Fill half your plate with protein foods such as fish and eggs.
b. Choose grain products with 2 or more grams fiber per 10 grams of total carbohydrate.
c. Include plenty of fruits and vegetables in your diet.
d. Maintain a diet that is balanced and varied.
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43. When it comes to a right livelihood,
a. most people cannot adopt it due to family and financial commitments.
b. seeking it is primarily a matter of conscious choice.
c. people who embrace this concept consider money their top priority.
d. those who choose it tend to require high amounts of leisure time.
44. A healthy, strong, physically fit body
a. enhances physiological but not mental health.
b. is not considered a nonfinancial asset.
c. reduces an employee’s need to file insurance claims or call in sick.
d. is unattainable for individuals who engage in only moderate physical activities.
45. Good health can positively impact work life by
a. helping combat stress and tension.
b. providing a higher energy level.
c. preventing loss of work time due to sick days.
d. all of these
Enter the appropriate word(s) to complete the statement.
46. A person with good ____________________ enjoys optimal performance of the lungs, heart, and muscles and, often,
mental alertness and emotional stability.
47. The traditional measure of success is whether a person has a good ______ or makes good money.
48. ____________________ is a conscious choice of work that places money in a secondary position and recognizes that
work is a vehicle for personal growth.
49. ____________________ can be defined as an inner attitude that emphasizes energy, creative choice, and a powerful
force for living.
50. Mei feels like it is becoming increasingly difficult to leave the office by her normal quitting time at 5:30 p.m. and to
avoid working on the weekends. Mei’s trend of lengthening work days and weeks is known as ____________________.
51. Companies that have a culture that respects both personal and work-related needs have adopted the concept of the
___________ model.
52. For many people, adequate physical fitness means sustained exercise at least three or four times a week for
____________________ minutes at each session.
53. In recent years, a new class of on-demand, _________________ labor has evolved, and is represented by companies
such as Uber Technologies, Mechanical Turk, and Handbook.
54. Some feel that their ____________________ resources such as good physical and mental health, education, and
leisure time are their real wealth.
55. The “right livelihood” concept recognizes that work should be a vehicle for ____________________.
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56. Offer two tips for personal financial management.
57. What does the term right livelihood mean? What are its three main characteristics? Do you believe it is possible to
have a right livelihood if any one of the three characteristics is absent? Explain.
58. Explain how your physical and mental health is a resource for enriching your life.
59. What are the five steps people should follow to break old habits and form new positive habits?
60. Describe the traditional success model. What are the consequences of following this traditional model?
61. What are three ways to develop your intellectual growth by acquiring the skills and abilities you need?
62. What is your definition of spirituality? How is this similar or different from the definition in the book? Are the
definitions compatible? Besides involvement in religion, what are some ways to develop healthy spirituality?
63. Serious consideration about one’s future in terms of career often starts in high school—or sometimes as early as junior
high. Do you believe it is possible for someone to envision their “right livelihood” at such a young age? Support your
position. How do you believe secondary education should address the issue of career exploration?
64. Evaluate the traditional and contemporary definitions of success. Do you believe the difference in these definitions
and models is a matter of right and wrong? Explain your position and what you believe are the consequences of pursuing a
livelihood that is founded on each model of success.
65. How can nonfinancial resources contribute toward a happy and fulfilling life? What are those resources? What other
nonfinancial resources besides those mentioned in the book can you think of that also contribute to happiness and
fulfillment?
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Answer Key
1. False
2. True
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26. b
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51. total person
total-person
52. 30–35
30 to 35
thirty to thirty-five
53. freelance
54. nonfinancial
55. self-expression
personal growth
56. a. Develop a personal financial plan.
b. Understand the economics of credit.
57. Right livelihood is described in the core teachings of Buddhism. It is work consciously chosen, done with full
awareness and care, and leading to enlightenment. Right livelihood is based on three characteristics:
a. Based on conscious choice
b. Places money in a secondary position
c. Recognizes that work is a vehicle for personal growth
Positions will vary.
58. There is a relationship between health and outlook on life. The healthier we are, the stronger our self-esteem, and the
more positive our outlook on life. Regular exercise and a healthy diet contribute to mental clarity, higher energy, and a
youthful appearance.
59. a. Motivation: You must develop a willingness to make a change. Changing a habit requires a major commitment.
b. Knowledge: You must seek information and help from others so you can gain a better understanding of what you need
to do.
c. Practice: You must practice what you have learned to change your behavior. Visualize yourself and your new positive
habits.
d. Feedback: Try to get feedback from others so that you can progress faster in achieving your goal.
e. Reinforcement: Give yourself rewards throughout the process of change. These rewards can be simple and inexpensive
but are vital in helping you accomplish your goal.
60. Success was measured in terms of work accomplishment, by movement up the “corporate ladder,” by striving to
achieve an immediate career goal while sacrificing longer-term goals, by a larger paycheck, by meeting standards set by
another, and by working long hours. It leads to one-dimensional people who are totally focused on work. Individuals who
follow this model may achieve “success,” but at the expense of many nonfinancial resources, such as leisure time or
satisfying relationships with friends and family. Overall, many people who live by the traditional model discover at some
point that they don’t feel as successful or fulfilled as they expected they would.
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61. Think of yourself as a unique brand; be selective in what you learn; and take advantage of various learning pathways.
62. Definitions may vary. Spirituality in the book is defined as an inner attitude that emphasizes energy, creative choice,
and a powerful force for living. Some ways to develop healthy spirituality include meditation, prayer, spiritual reading,
spending time in nature, solitude or quiet time, and practicing the Golden Rule.
63. Answers will vary.
64. Answers will vary.
65. Answers will vary.