When a Person Blows a Single Unpleasant Event Out of Proportion

question 578

Multiple Choice

When a person blows a single unpleasant event out of proportion by extending it to a large number of unrelated situations, the person is exhibiting

• A)selective perception.
• B)all-or-nothing thinking.
• C)personification.
• D)overgeneralization.

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Definitions:

Market Exit

Market exit involves a company or business ceasing operations or leaving a particular market or industry.

Competitive Price-searcher

A firm that participates in a market where prices are determined through competition, yet possesses enough market power to influence prices by adjusting its output.

Restaurant Industry

A sector of the economy comprised of establishments primarily engaged in preparing meals, snacks, and beverages for immediate consumption by the public.

Entry Barriers

Obstacles that make it difficult for new entrants to enter a market, potentially including high initial costs, regulatory hurdles, and strong incumbents.