FINA 2330 Final Review Part 2 Exam Questions with Correct Answers Latest Update
2025/2026
Consumerism is best defined as - Answers A social and economic ideology that emphasizes the
acquisition of goods and services
"the desire to acquire"
What age group would likely tend to downshift the most? - Answers 30-49
Which of the following was the dominant selling point of the car commercials we watched? -
Answers Lifestyle of the Owner
Which of the following is a secondary negative impact of increased consumerism - Answers
Increased waste
According to the youtube TED Talk we watched in class, a minimalist could best be described
as someone who would only keep a non-necessary item as long as it - Answers brought joy or
value to their life
According to Schor, what is an example of an invisible purchase that can convey status? -
Answers a vacation
According to Schor's findings, who is more likely to downshift? - Answers A middle-aged woman
with a graduate degree
In its basic essence, the Hierarchy of Needs Theory shows that ____________ motivate(s) human
beings - Answers unsatisfied needs
Approximately how many years is a trillion seconds? - Answers a little over 31,000 years
"Exposure" in consumerism means that in order for someone to desire something, they must
first be exposed to it - Answers True
Competitive Spending is done primarily in the realm of the invisible (meaning a vacation versus
a watch) - Answers False
Which of the following was NOT reflected by Schor's findings? - Answers The higher the
education, the more likely someone will recognize and avoid the trappings of status buying
A majority of Americans don't actually have something in mind that they look forward to buying
and are instead caught by "impulse buying" - Answers False
Luckily for society, what people look forward to acquiring most are idealistic wishes and not
materialistic wishes as one would assume - Answers False
Most downshifter did not experience the drop income that they feared when contemplating a
2025/2026
Consumerism is best defined as - Answers A social and economic ideology that emphasizes the
acquisition of goods and services
"the desire to acquire"
What age group would likely tend to downshift the most? - Answers 30-49
Which of the following was the dominant selling point of the car commercials we watched? -
Answers Lifestyle of the Owner
Which of the following is a secondary negative impact of increased consumerism - Answers
Increased waste
According to the youtube TED Talk we watched in class, a minimalist could best be described
as someone who would only keep a non-necessary item as long as it - Answers brought joy or
value to their life
According to Schor, what is an example of an invisible purchase that can convey status? -
Answers a vacation
According to Schor's findings, who is more likely to downshift? - Answers A middle-aged woman
with a graduate degree
In its basic essence, the Hierarchy of Needs Theory shows that ____________ motivate(s) human
beings - Answers unsatisfied needs
Approximately how many years is a trillion seconds? - Answers a little over 31,000 years
"Exposure" in consumerism means that in order for someone to desire something, they must
first be exposed to it - Answers True
Competitive Spending is done primarily in the realm of the invisible (meaning a vacation versus
a watch) - Answers False
Which of the following was NOT reflected by Schor's findings? - Answers The higher the
education, the more likely someone will recognize and avoid the trappings of status buying
A majority of Americans don't actually have something in mind that they look forward to buying
and are instead caught by "impulse buying" - Answers False
Luckily for society, what people look forward to acquiring most are idealistic wishes and not
materialistic wishes as one would assume - Answers False
Most downshifter did not experience the drop income that they feared when contemplating a
