How Does a Fad Differ from Fashion

question 21

Multiple Choice

How does a fad differ from fashion?

• A) Fads can mark you as belonging to a certain social group, while fashion is widespread in society.
• B) Fashion changes, while fads are stable if only among a small group of people.
• C) Fads become very popular for short periods of time, while fashions are widespread styles of behavior that may last for longer periods of time.
• D) Fads and fashions are the same thing.
• E) Fads do not catch on with the general public, while fashions do.

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Definitions:

Buildings

Assets classified in accounting, representing structures owned by a business for purposes such as offices, manufacturing, or storage.

Prepaid Insurance

Insurance premiums paid in advance by a company, which are recorded as an asset on the balance sheet until the coverage period lapses.

Asset Accounts

Accounts that represent resources owned or controlled by a company that have future economic value.

Accounts Payable

Financial obligations of a company towards creditors, resulting from goods and services acquired on a credit basis.