Ruth Recently Lost $5,000 When the Stock Market Took a Downturn.As

question 16

Multiple Choice

Ruth recently lost $5,000 when the stock market took a downturn.As she discusses the bad news with her family, she says, "It's all my fault.I've never been good at investing.I've ruined our family's whole future with my bad investments." In this case, Ruth has made:

• A)an external, stable, global attribution for her financial setback
• B)an internal, stable, global attribution for her financial setback
• C)an internal, unstable, specific attribution for her financial setback
• D)an internal, stable, specific attribution for her financial setback

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Definitions:

Worst-case Scenario

The most adverse, negative outcome that could possibly occur in a situation, often used in risk assessment and planning.

Variable Costs

Costs that change in proportion to the level of production or sales. They increase as production increases and decrease as production decreases.

Fixed Costs

Costs that remain constant regardless of the amount of production or business operations.

Contribution Margin

The difference between sales revenue and variable costs of a product or service, indicating the amount contributed towards covering fixed costs and generating profit.