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Michael Views the World in Clearly Defined Terms

question 70

Multiple Choice

Michael views the world in clearly defined terms. For example, behaviors are either right or wrong, one wins or loses. He is unable to entertain a middle ground in any of his beliefs. Beck would consider Michael to be engaging in the cognitive distortion of ______________.


Definitions:

Net Operating Income

The income generated from normal business operations after deducting operating expenses but before interest and taxes.

Contribution Format

A type of income statement that separates variable costs from fixed costs to show the contribution margin.

Income Statement

A financial statement that shows a company's revenues, expenses, and net income or loss over a specific period of time.

Total Contribution Margin

The difference between sales revenue and variable costs, indicating the total amount available to cover fixed expenses and generate profit.

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