Over the Past 30 Years

question 1

Multiple Choice

Over the past 30 years:

• A)Firms have had to refocus to be profitable
• B)Diversification has been unprofitable
• C)The trend has been to refocus on the core business
• D)All of the above

---

Definitions:

Balance Theory

A psychological theory proposing that individuals strive for internal consistency among their beliefs, attitudes, and opinions, forming a balanced state in interpersonal relationships.

Cognitive Consistency

The psychological concept that suggests that individuals prefer their beliefs, attitudes, and perceptions to be harmonious and consistent with each other.

Self-Perception

An individual's understanding and evaluation of their own personality, characteristics, and behaviors.

Positive Attitude

A mental disposition that reflects expectations of favorable outcomes or highlights positive aspects of a situation.