When We Insist on Seeing the World in Black and White

question 346

Multiple Choice

When we insist on seeing the world in black and white rather than shades of gray (for example, as either complete successes or complete failures) , we may be engaging in what Aaron Beck calls_________.

• A) expectancy outcome
• B) magnification
• C) overgeneralization
• D) absolutist thinking

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Definitions:

Operating Expenses

Expenses incurred in the normal operations of a business, including costs such as rent, salaries, and utilities, but not including cost of goods sold.

Operating Revenues

Income generated from a company's primary business activities, excluding income from investments or secondary operations.

Interest Expense

The financial liability incurred from borrowing funds that an entity faces over a predetermined period.

Dividend Payments

Payments made to shareholders out of a corporation's earnings reflecting their share in the ownership.