Setting Goals and Achieving Them Builds an Individual's Self-Esteem Because

question 32

Multiple Choice

Setting goals and achieving them builds an individual's self-esteem because the individual

• A) can feel in control of their future.
• B) is more likely to find a good mentor.
• C) receives more validation and respect from others.
• D) can boast his success to others.

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Definitions:

Minimum Payments

The smallest amount of a debt that must be paid each period, often used in the context of credit card debt or loans to avoid penalties.

Endowment Effect

A cognitive bias where people ascribe more value to things merely because they own them.

Gains

The increase in economic benefit, which can be measured in terms of profit, utility, or welfare, resulting from an action or transaction.

Losses

The financial deficit arising when the cost of producing and operating exceeds the revenue generated.