Economist Thorstein Veblen argued that in the new industrial society, people earned their status by:

A. conquest in warfare.
B. prowess in hunting.
C. conspicuous consumption.
D. respecting interior values.

Answer: C. conspicuous consumption.

Business

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Measures of capacity utilization include: the number of hours that facilities, labor and equipment are productively employed in revenue operations and the size of the physical facility

Indicate whether the statement is true or false

Business

Companies using performance-based compensation systems tend to be:

A) publicly-held corporations in competitive markets. B) smaller, rapidly growing companies that face strong competitive pressures. C) larger firms with several layers of management that operate in relatively stable markets. D) large firms that desire to break out of the "pack" and distinguish themselves from competitors.

Business