What Is the Objective of Conspicuous Consumption

question 77

Multiple Choice

What is the objective of conspicuous consumption?

• A) To purchase and enjoy products that are needed
• B) To identify oneself as a potential philanthropist for the needy
• C) To display wealth and status as a social statement to others
• D) To accumulate wealth that one's children will someday inherent
• E) To acquire goods that will increase in value as a long-term investment

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Definitions:

Illegal Contract

An agreement that is void and unenforceable because it involves activities that are against the law.

Civil Litigation

The process of one party’s suing another in a private action, conducted in a trial court.

Consensus

General agreement or collective opinion among a group of people.

Legal Permissibility

The extent to which an action or procedure is allowed within the bounds of the law.