Bernard Believes That His Intelligence Is Fixed and That There

question 98

Multiple Choice

Bernard believes that his intelligence is fixed and that there is little he can do to change it. When Bernard encounters failure, he would be expected to:

• A)work persistently to solve the problem.
• B)believe that his failure is due to a lack of effort.
• C)believe he is still smart regardless of the failure.
• D)feel helpless.

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Definitions:

Functional Currency

The currency of the primary economic environment in which an entity operates, typically used to record its financial transactions.

Consolidated Balance Sheet

A financial statement that aggregates the assets, liabilities, and equity of a parent company and its subsidiaries.

U.S. Dollars

The official currency of the United States, often symbolized as $.

Temporal Method

An accounting method used to translate foreign currency balances when the exchange rate fluctuates significantly, converting monetary items at the exchange rate of the transaction date.