Tim Knows That the Reason His Firm Did Not Get

question 66

Multiple Choice

Tim knows that the reason his firm did not get the new client is because the competing firm has services that are more specific to this client's needs.Nevertheless, he blames himself for the fact that they lost this new account.Beck would suggest that Tim is engaging in a maladaptive thinking pattern called ________.

• A)selective perception
• B)overgeneralization
• C)personalization
• D)all-or-nothing thinking

---

Definitions:

Inflation Rate

A measure of how quickly the cost of goods and services rises, thereby reducing the purchasing power.

Fixed Price

A pricing strategy where the selling price of a product or service is set and not subject to change based on market fluctuations or bargaining.

Inflation Fallacy

The inflation fallacy refers to the mistaken belief that inflation erodes the real value of money without considering that wages may also rise with inflation.

Nominal Incomes

The amount of money earned by individuals or entities, not adjusted for inflation, expressed in current dollars.