What Two Important Ideas Are Combined in Mischel's Cognitive-Affective Personality

question 29

Multiple Choice

What two important ideas are combined in Mischel's cognitive-affective personality system (CAPS) ?

• A) An individual's belief may matter more than reality, and individuals have completely stable personality traits.
• B) Observation is the most important source of learning, and individuals have completely stable personality traits.
• C) Observation is the most important source of learning, and the personality system has multiple tracks.
• D) An individual's belief may matter more than reality, and the personality system has multiple components that often interact.

---

Definitions:

Option Payoffs

The potential return or outcomes from holding or exercising an options contract.

Call Profits

Profits realized from exercising call options, where the investor has the right to buy an asset at a predetermined price before the option expires.

Exercise Price

The predetermined price at which the holder of an option can buy (call option) or sell (put option) the underlying security or commodity.

Market Price

The current price at which an asset or service can be bought or sold in the market.