Andrea Just Bought the IPhone 4 Last Year,but Since Then

question 97

Multiple Choice

Andrea just bought the iPhone 4 last year,but since then all of her friends have upgraded to the new iPhone 5.Even though she really cannot afford the iPhone 5,she decides to buy it with her credit card anyway.What aspect of society is captured by Andrea's decision?

• A) rationalism
• B) fashion
• C) consumerism
• D) peer pressure

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Definitions:

Full-Time Employees

Individuals who work a minimum number of hours defined by their employer, typically with a full workweek, and are entitled to full employment benefits.

Overhead Costs

Indirect costs or expenses related to the operation of a business that are not directly tied to producing goods or services, such as rent, utilities, and administrative salaries.

Operating Efficiency

A measure of how well a company uses its resources to produce goods or services.

Great Distances

Large physical separations between objects or locations, often involving travel or communication across extensive areas.