In Placing a Tire Order with Michelin, South Side Industrial

question 29

Multiple Choice

In placing a tire order with Michelin, South Side Industrial Supply finds that the truck tires it is ordering have increased $37.50 in price since the last order. South Side proceeds with the order, confident that it can pass on the price increase to future customers. This is an example of business products having ____ demand.

• A)derived
• B)inelastic
• C)joint
• D)fluctuating
• E)higher

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Definitions:

Learned Optimism

The practice of developing a more positive outlook through cognitive behavioral techniques, focusing on altering negative thought patterns to influence behavior positively.

Seligman

Associated with Martin Seligman, a psychologist known for his work on learned helplessness, positive psychology, and well-being.

Attribution Retraining

A psychological intervention technique designed to help individuals change the way they interpret causes of events, particularly from seeing failures as internal and fixed to external and variable.

Unstable Attributions

Explanations for behavior or outcomes that suggest variability and can change over time or situations.