Shanda Is Afraid of Failing One of Her Final Exams

question 93

Multiple Choice

Shanda is afraid of failing one of her final exams, primarily because she thinks the professor gives hard exams and so, no matter how much studying she does, it won't matter. Cognitive theorists would suggest that Shanda

• A) has an external locus of control.
• B) has an internal locus of control.
• C) has an introverted personality.
• D) has an extroverted personality.
• E) is highly neurotic.

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Definitions:

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations, calculated by dividing current assets by current liabilities.

Working Capital

The gap between a firm's immediate assets and its short-term obligations, reflecting the funds available for daily operations.

Quick Ratio

A liquidity ratio that measures a company's ability to cover its short-term obligations with its most liquid assets.

Accrued Product Warranty Expense

A liability recognized on the balance sheet for potential future costs related to warranty claims on products sold.