David Is Very Stressed Over College Applications

question 27

Multiple Choice

David is very stressed over college applications. He thinks that if he doesn't get into the University of Wisconsin his life is over. When his parents try to talk to him about other options in the event that he doesn't get accepted, he yells at them and tells them that they just don't understand. What aspect of adolescent thinking is David experiencing?

• A) The imaginary audience
• B) The personal fable
• C) Metacognition
• D) Hypothetical-deductive reasoning

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Definitions:

Goodwill

An invisible asset that emerges when purchasing a business for a price that is above the fair valuation of its net identifiable assets.

Net Loss

A financial situation where a company's total expenses exceed its total revenues, resulting in a negative profit.

Dividends

Funds distributed by a corporation to its shareholders, often as a portion of the company's profits.

Significant Influence

The power to participate in the financial and operating policy decisions of an investee but is not control or joint control over those policies.