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Explain What Is Meant by Internal and External Locus of Control.Then

question 54

Essay

Explain what is meant by internal and external locus of control.Then, imagine that a person is in a car accident.How would someone with an internal locus of control explain it? How would someone with an external locus of control explain the same event?


Definitions:

Cash Equivalent

Short-term, highly liquid investments that can be easily converted to a known amount of cash.

Liquid Asset

Assets that can be quickly and easily converted into cash without significant loss in value.

Noncash Investing

Transactions involved in investing activities that do not involve immediate cash flow, such as exchanging one asset for another.

Financing Activity

Activities that result in changes in the size and composition of the equity capital and borrowings of the company.

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