The Belief a Person Has About His Ability to Perform

question 237

Multiple Choice

The belief a person has about his ability to perform behaviors that should lead to expected outcomes is termed

• A) self-appraisal.
• B) self-esteem.
• C) self-efficacy.
• D) self-concept.

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Definitions:

MC

An abbreviation commonly used for marginal cost, which is the cost added by producing one additional unit of a product or service.

Average Variable Cost

The variable cost per unit of output; the total variable cost divided by the number of units produced.

Economic Profit

The gap between the complete income and all expenses, covering overt and hidden costs.

Minimum Wage

A price floor set for the price of labor.