A shoe company uses ads featuring the members of a country music band with the hope that the band's fans will see them wearing the company's shoes and want to wear the same shoes
The shoe company is hoping that fans of the band view the band as a ________.
A) social class
B) reference group
C) status symbol
D) subculture
E) lifestyle
B
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Your employer gives you a stock bonus of $1,000 in your company at the end of each year. You
plan to retire in 20 years. The stock has a growth rate of 15 percent per annum. What will the value of your stock be in 20 years? This problem would be solved by using the formula for the A) present value of a lump sum. B) future value of a lump sum. C) future value of an ordinary annuity. D) future value of an annuity due. E) present value of an ordinary annuity.