Paul Was Not Given a Promotion

question 127

Multiple Choice

Paul was not given a promotion. He feels upset and disappointed because he thinks of himself as a failure who will never succeed. From the perspective of rational-emotive behavior therapy, Paul's view of himself is the

• A)activating event.
• B)irrational belief.
• C)self-defeating behavior.
• D)consequence.
• E)outcome.

---

Definitions:

Payback

The period of time it takes for an investment to generate an amount of money equal to the initial cost of the investment.

Time Value

The belief that money available now is worth more than an identical amount in the future because of its potential earning power.

Relevant Cash Flows

Cash flows that will only occur as a result of undertaking a project or investment.

Financial Perspective

An viewpoint emphasizing the importance of managing a company's financial resources wisely to ensure its long-term success and stability.