After Failing a Difficult Math Exam, a Student Thought, "Next

question 3

Multiple Choice

After failing a difficult math exam, a student thought, "Next time I will study harder." This student has _____.

• A) an external locus of control
• B) learned helplessness
• C) situational attribution
• D) an internal locus of control

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Definitions:

Car Dealership

A business that sells new or used cars at the retail level, typically based on a dealership contract with an automaker or its sales subsidiary.

Asymmetric Information

A situation where one party in a transaction has more or superior information compared to another, potentially leading to an imbalance in decision-making, similar to adverse selection.

Adverse Selection

A situation in which asymmetrical information leads to the selection of suboptimal market participants, often seen in insurance markets where those most likely to make a claim are also most likely to seek insurance.

Market Signals

Information or indicators that suggest the future direction of market prices, helping investors and businesses make decisions.