Money serves as a status symbol in which of the following examples?
A) The CEO has a salary of over $3 million.
B) The clerk is paid minimum wage plus tips.
C) The owner of the business keeps profits but has no salary.
D) The manufacturing worker is paid for each item he produces.

Question

Quizplus · Accepted Answer

Money serves as a status symbol when it is used to indicate or enhance one's social or economic standing. In the example of the CEO with a salary of over $3 million, the high salary is indicative of a high social or economic status, thus serving as a status symbol.

Money Serves as a Status Symbol in Which of the Following