Take the following as truth: A self-appraisal (and remember, the entire purpose of a reference group is to serve as a yardstick for self-appraisal) would entail evaluating the richness of relationships and the satisfactions of accomplishments, rather than the cataloging of possessions.
Then the following statement: "Reference groups serve no other purpose than to try to gain more data on spendings." is true, false, or inconclusive?
Answer: False