Do People Usually Think in Optimistic or Overly Ambitious Ways

question 136

Multiple Choice

Do people usually think in optimistic or overly ambitious ways when they are setting goals and/or striving to achieve goals?

• A) Yes, they tend to be overly optimistic in both cases.
• B) No, they tend to think in realistic ways in both cases.
• C) They tend to be overly optimistic when goal setting, but more or less realistic when pursuing goals.
• D) They tend to be more or less realistic when goal setting, but optimistic when pursuing goals.

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Definitions:

Ending Bank Statement Balance

The final balance on a bank statement at the end of a given period, reflecting all transactions that occurred during that time.

Allowance for Doubtful Accounts

A financial accounting tool used to estimate the amount of receivables that will likely be uncollectable.

Bad Debt Expense

An accounting term representing the amount of revenue considered uncollectible from customers or clients, typically recorded as an expense.

Credit Sales

Sales made on credit, allowing customers to purchase goods or services and pay at a later date.