Examlex
In the net present value (NPV)method, after-tax cash flows should be used instead of pre-tax cash flows when taxes are a consideration.
Conspicuous Consumption
The act of buying and using products to make a statement about social status rather than to meet the basic needs.
Closed System
A social system in which status is based on attributes ascribed at birth.
Ascribed Status
Attributes (advantages and disadvantages) assigned at birth (e.g., sex).
Intelligence Quotient
A measure of a person's intellectual abilities in relation to their age group, typically assessed by standardized tests.
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