Consumers Who Refuse to Sacrifice Style, but Achieve It on a Budget

question 11

Multiple Choice

Consumers who refuse to sacrifice style, but achieve it on a budget are called ________.

• A) frugalistas
• B) the mass class
• C) the nouveau rich
• D) social consumers

---

Definitions:

Voluntary Chapter 7

A legal process initiated by an individual or business to declare bankruptcy, allowing for the liquidation of assets to pay off debts.

Exemption

A provision that allows an individual or entity to be excused from a usual requirement or rule.

Insolvent Debtors

Individuals or entities that are unable to meet their financial obligations or repay their debts.

Debts

Money owed by one party to another under an agreement to repay borrowed funds or obtained resources.