Consumerism Refers to

question 169

Multiple Choice

Consumerism refers to

• A)a movement of conspicuous consumption that began when the Cold War ended.
• B)a shift in the way Americans viewed shopping-from a task of necessity to a form of entertainment.
• C)a collaborative effort between buyers and sellers to create an exchange where each benefits.
• D)the view by consumers that most businesses are out to make the highest profit and if they can cheat you, they will.
• E)the grassroots movement started in the 1960s to increase the influence, power, and rights of consumers in dealing with institutions.

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Definitions:

Issue Price

The price at which new shares are offered to the public by a corporation during its initial public offering or subsequent issuances.

Premium

The amount paid for an insurance policy, or the difference between the higher price paid for a bond above its face value.

Discount

A reduction applied to the regular price of goods or services, often to encourage sales.

Par Value

A nominal value or face value assigned to a share of stock by the corporation at the time of issue.