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Josh believes (1) if he tries hard he will get a good internship, and (2) getting a good internship will, in turn, land him a sport management job. In Vroom's theory, the first belief would be termed which of the following?
Adjustable-Rate Mortgage
A type of home loan in which the interest rate can change over time, based on a benchmark or index.
Fixed-Rate Mortgage
A home loan with an interest rate that remains the same for the entire term of the loan, providing predictable monthly payments.
Interest Rate
The amount charged, expressed as a percentage of the principal, by a lender to a borrower for the use of assets.
Mortgagor
The borrower in a mortgage agreement, who pledges property to the lender as security for the loan.
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