Exam 12: Income and Social Class

Vance comes from the lower-upper class as does Jeff. They are both madly in love with Julia, who is beautiful enough to do part-time modeling. According to the principle of ________, Julia could be attracted to both men.

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

Explain the 2 factors that influence consumer savings.

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?

China's economic boom has created 130 million people in what social class?

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

Harry was the lead singer in a band that hit it big. For his birthday, Harry had two hundred friends flown by chartered jets to a private island in the South Pacific. They ate the most expensive food, and every morning the bungalows were burned to the ground and rebuilt for the next night. Harry's party is a good example of ________.

Amos always felt that it was unfair that society created artificial divisions that discouraged him from having friends from different social structures. Which of the following terms describes the process that Amos is having difficulty with?

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

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

George Katona is credited with creating the social class system still used in consumer behavior.

Sandra decided to become a nurse after several years as an elementary teacher. She still wanted to help people but in a different manner. Sandra's case is an example of which of the following?

Explain what a credit score is and how it relates to social class.

The flamboyant consumption of the nouveau riche is an example of symbolic self-completion.

Tian Zhao's parents were peasants from central China. Tian earned a degree in electronics from a university and now works for a medium-sized firm building computer components. Tian has purchased a Canon camera and a Dell computer, and he wears Nike running shoes. He is a member of the mass class.

Restricted codes focus on the content of objects, not on relationships among objects.

SRBI Consulting Business Intelligence divides consumers into which of the following groups?

Explain the term "nouveau rich."

Explain how the relationship between England's class structure and consumption has recently begun to change.

Social capital refers to an individual's knowledge of the "right" behavior used in the realm of the upper class.