Question 1

Define discretionary income.

Accepted Answer

Discretionary income is money

Question 2

Downward mobility is not possible is the U.S.social class system.

Accepted Answer

A) True 
 B)False

Question 3

A tendency for people to marry in a social class similar to their own is called ________.

Accepted Answer

A)  homogamy 
B)  affluenza 
C)  social dating 
D)  social stratification 
A)  homogamy 
B)  affluenza 
C)  social dating 
D)  social stratification

Question 4

When a Rolls-Royce,a Cartier diamond,and an Andy Warhol painting are bought and displayed as markers of social class,they are ________.

Accepted Answer

A)  social inhibitors 
B)  social parameters 
C)  status symbols 
D)  psychological blocks 
A)  social inhibitors 
B)  social parameters 
C)  status symbols 
D)  psychological blocks

Question 5

Lower-class men are more likely than middle-class men to have a general sense of empowerment.

Accepted Answer

A) True 
 B)False

Question 6

One percenters are an example of ________.

Accepted Answer

A)  pay pay ratio 
B)  income inequality 
C)  saving rate 
D)  plutonomy 
A)  pay pay ratio 
B)  income inequality 
C)  saving rate 
D)  plutonomy

Question 7

Money available to a household over and above what is required to have a comfortable standard of living is called ________.

Accepted Answer

A)  real income 
B)  overtime pay 
C)  discretionary income 
D)  average of earnings 
A)  real income 
B)  overtime pay 
C)  discretionary income 
D)  average of earnings

Question 8

Plutonomy refers to the passage of individuals from one social class to another.

Accepted Answer

A) True 
 B)False

Question 9

Although teenagers do not have the income of older consumers,they are still an attractive marked based on income.Why?

Accepted Answer

A)  Because they have less money, they are more careful of how they spend it. 
B)  Parents lead the teenagers into what they buy; hence any understanding of adult buying patterns can be useful for teenagers as well. 
C)  Teenagers have more consumer confidence and are, therefore, more likely to be swayed by promotional material. 
D)  Teenagers don't have the income of adults, but it's almost all discretionary, meaning that they can spend it as they see fit. 
A)  Because they have less money, they are more careful of how they spend it. 
B)  Parents lead the teenagers into what they buy; hence any understanding of adult buying patterns can be useful for teenagers as well. 
C)  Teenagers have more consumer confidence and are, therefore, more likely to be swayed by promotional material. 
D)  Teenagers don't have the income of adults, but it's almost all discretionary, meaning that they can spend it as they see fit.

Question 10

A consumer's belief about what the future holds is an indicator of consumer confidence.

Accepted Answer

A) True 
 B)False

Question 11

Social stratification refers to the creation of artificial divisions in a society.

Accepted Answer

A) True 
 B)False

Question 12

Income is a better predictor of purchases that have symbolic aspects but low moderate prices.

Accepted Answer

A) True 
 B)False

Question 13

What are the two major components of social class? Explain and comment on each component (such as which is more important).

Accepted Answer

1. Occupational prestige-this one way to

Question 14

Explain the 2 factors that influence consumer savings.

Accepted Answer

The two factors that influence

Question 15

Product complementarity occurs when the symbolic meanings of different products relate to one another.

Accepted Answer

A) True 
 B)False

Question 16

Evan was an aggressive,rich,and determined businessman originally from a working class family.He had become wealthier than he had ever imagined by buying and selling other businesses.Evan seemingly could do anything until he tried a hostile takeover of an established bank owned by several prestigious families.When his bid failed,Evan said "I always knew there was an elite,but up to now I thought I was part of it." What type of capital was Evan lacking?

Accepted Answer

A)  Economic 
B)  Cultural 
C)  Psychological 
D)  Sociological 
A)  Economic 
B)  Cultural 
C)  Psychological 
D)  Sociological

Question 17

Consumers who buy everything in sight are called ________.

Accepted Answer

A)  tightwads 
B)  spendthrifts 
C)  justifiers 
D)  balancers 
A)  tightwads 
B)  spendthrifts 
C)  justifiers 
D)  balancers

Question 18

Blue-collar workers with relatively high-prestige jobs consider themselves as ________.

Accepted Answer

A)  upper middle class 
B)  working class lower middle 
C)  upper lower class 
D)  lower lower class 
A)  upper middle class 
B)  working class lower middle 
C)  upper lower class 
D)  lower lower class

Question 19

Which of the following variables related to social class distinction is identified by the text as being unclear and the subject of debate with respect to its role as an indicator of social class?

Accepted Answer

A)  Occupation 
B)  Education 
C)  Amount of income 
D)  How income is spent 
A)  Occupation 
B)  Education 
C)  Amount of income 
D)  How income is spent

Question 20

Which of the following phrases is the best illustration of homogamy?

Accepted Answer

A)  Opposites attract 
B)  Birds of a feather flock together 
C)  Leave no stone unturned 
D)  To the victor go the spoils 
A)  Opposites attract 
B)  Birds of a feather flock together 
C)  Leave no stone unturned 
D)  To the victor go the spoils

Define discretionary income.

Downward mobility is not possible is the U.S.social class system.

A tendency for people to marry in a social class similar to their own is called ________.

When a Rolls-Royce,a Cartier diamond,and an Andy Warhol painting are bought and displayed as markers of social class,they are ________.

Lower-class men are more likely than middle-class men to have a general sense of empowerment.

One percenters are an example of ________.

Money available to a household over and above what is required to have a comfortable standard of living is called ________.

Plutonomy refers to the passage of individuals from one social class to another.

Although teenagers do not have the income of older consumers,they are still an attractive marked based on income.Why?

A consumer's belief about what the future holds is an indicator of consumer confidence.

Social stratification refers to the creation of artificial divisions in a society.

Income is a better predictor of purchases that have symbolic aspects but low moderate prices.

What are the two major components of social class? Explain and comment on each component (such as which is more important).

Explain the 2 factors that influence consumer savings.

Product complementarity occurs when the symbolic meanings of different products relate to one another.

Consumers who buy everything in sight are called ________.

Blue-collar workers with relatively high-prestige jobs consider themselves as ________.

Which of the following variables related to social class distinction is identified by the text as being unclear and the subject of debate with respect to its role as an indicator of social class?

Which of the following phrases is the best illustration of homogamy?

Buying,Having,and Being: An Introduction to Consumer Behavior

Consumer and Social Well-Being

Perception

Learning Memory

Motivation and

The Self: Mind, Gender, and Body

Personality, Lifestyles, and Values

Attitudes and Persuasive Communication

Decision Making

Buying, Using, and Disposing

Groups and Social Media

Subcultures

Culture

Filters

Exam 12: Income and Social Class

Define discretionary income.

Downward mobility is not possible is the U.S.social class system.

A tendency for people to marry in a social class similar to their own is called ________.

When a Rolls-Royce,a Cartier diamond,and an Andy Warhol painting are bought and displayed as markers of social class,they are ________.

Lower-class men are more likely than middle-class men to have a general sense of empowerment.

One percenters are an example of ________.

Money available to a household over and above what is required to have a comfortable standard of living is called ________.

Plutonomy refers to the passage of individuals from one social class to another.

Although teenagers do not have the income of older consumers,they are still an attractive marked based on income.Why?

A consumer's belief about what the future holds is an indicator of consumer confidence.

Social stratification refers to the creation of artificial divisions in a society.

Income is a better predictor of purchases that have symbolic aspects but low moderate prices.

What are the two major components of social class? Explain and comment on each component (such as which is more important).

Explain the 2 factors that influence consumer savings.

Product complementarity occurs when the symbolic meanings of different products relate to one another.

Consumers who buy everything in sight are called ________.

Blue-collar workers with relatively high-prestige jobs consider themselves as ________.

Which of the following variables related to social class distinction is identified by the text as being unclear and the subject of debate with respect to its role as an indicator of social class?

Which of the following phrases is the best illustration of homogamy?

Buying,Having,and Being: An Introduction to Consumer Behavior

Consumer and Social Well-Being

Perception

Learning Memory

Motivation and

The Self: Mind, Gender, and Body

Personality, Lifestyles, and Values

Attitudes and Persuasive Communication

Decision Making

Buying, Using, and Disposing

Groups and Social Media

Subcultures

Culture

Filters