Jason Failed a Ten Point Pop Quiz in His Chemistry

question 49

Multiple Choice

Jason failed a ten point pop quiz in his chemistry class. Although there are 500 points possible in the course, he says "I'm not going to pass this course because of this." This is an example of what Beck would call

• A) selective perception.
• B) magnification.
• C) overgeneralization.
• D) personalization.

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Definitions:

Credit Sales

Sales made on credit, where the payment is received after the delivery of the goods or services.

Contra-Revenue

An account that offsets revenue accounts on the income statement, typically related to returns, allowances, and discounts.

Credit Sale

A transaction where goods or services are provided to a customer with the agreement that payment will be made at a later date.

Terms 3/10

A payment term indicating that a buyer can take a 3% discount on the invoice amount if the payment is made within 10 days of the invoice date.