The Concept of Personalization Is a Cognitive Distortion Defined by Which

question 28

Multiple Choice

The concept of personalization is a cognitive distortion defined by which of the following?

• A) External events are attributed to oneself; it is especially common in intimate relationships
• B) It is a belief based on little evidence
• C) It is a belief based on one or two incidents used to make a broad, sweeping judgment about another's essential character
• D) It is the assigning of a personality trait to someone based on a handful of incidents, often ignoring exceptions

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Definitions:

Common Fixed Expenses

Expenses that do not vary with the level of production or sales, shared among different business segments or products.

Segmented Income Statement

An income statement broken down into segments, such as product lines or geographical areas, to analyze profitability.

Absorption Costing

An accounting technique that assigns the total manufacturing costs, including direct materials, direct labor, and both kinds of manufacturing overhead (fixed and variable), to a product’s cost.

Gross Margin

The difference between sales revenue and cost of goods sold, expressed as a percentage of sales revenue, indicating the financial health and profitability of a business.