Jorge Sets High Standards for Himself and Expects to Excel

question 37

Short Answer

Jorge sets high standards for himself and expects to excel at the goals he sets. As he attains those goals, he sets additional goals and works even harder to reach them. According to Henry Murray and other researchers, Jorge displays a(n)_____.

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Definitions:

Perpetuity

A financial instrument or investment that pays a fixed amount of cash flows indefinitely.

Annuity

An economic offering that guarantees regular payouts to an individual, typically used to supplement the income of those who are retired.

Payments Cease

Refers to the termination or halt of scheduled payments, often in the context of loans or financial instruments.

Pure Discount Loan

A loan where the borrower receives a single lump sum amount upfront and repays the lender a higher amount at the loan's maturity.