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Explain What Is Meant by Internal and External Locus of Control

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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 the accident? How would someone with an external locus of control explain the same event?


Definitions:

Flash Crash of 2010

A very rapid and deep market decline, specifically on May 6, 2010, where major stock indices dropped and recovered dramatically within minutes.

Rate of Return

The net gain or loss on an investment over a specified time period, expressed as a percentage of the investment's initial cost.

Short 1,000 Shares

The act of selling 1,000 shares of a stock that the seller does not own, with the expectation of buying them back at a lower price for a profit.

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