A Second-String Hockey Player Takes His Preparation Just as Seriously

question 117

Multiple Choice

A second-string hockey player takes his preparation just as seriously as the starter.When asked why he puts forth so much effort when he is not likely to receive much playing time,the player responds that his hard work will earn him playing time and when that happens he will succeed on the ice.The player's comments illustrate a(n) _____ locus of control.

• A)self-esteemed
• B)positive
• C)internal
• D)external

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Definitions:

Direct Material

Raw materials that are directly traceable to the manufacturing of a specific product and constitute a significant portion of the production costs.

Seasonal Product

A type of product whose demand and availability significantly depend on the season or time of the year.

Total Contribution Margin

The difference between sales revenue and total variable costs, indicating the amount contributing to covering fixed costs and profit.

Operating Leverage

The ratio of fixed costs to total costs. The higher a firm’s operating leverage, the greater will be the variability of profits for a given change in sales.