Whenever Daniel Performs Well in a Test, He Thinks That

question 79

Multiple Choice

Whenever Daniel performs well in a test, he thinks that his teacher was being lenient or that he was lucky. Daniel is said to have ________.

• A) an internal locus of control
• B) high self-esteem
• C) a high sense of achievement
• D) low neuroticism
• E) an external locus of control

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Definitions:

Resource

Raw materials, labor, capital, and other inputs used in the production of goods and services.

External Benefits

Benefits of a good or service that are not captured by the market price and are received by third parties.

Competitive Market

A market structure characterized by many buyers and sellers, free entry and exit, and products that are similar but differentiated.

Maximize Profit

The goal of adjusting production or service levels to achieve the highest possible returns.