When She Makes a High Grade on a Test,Cynthia Says,"I

question 44

Multiple Choice

When she makes a high grade on a test,Cynthia says,"I studied hard and did really well on that test!" When she scores low,she says,"That test was unreasonable and the professor just can't teach!" Her reactions are an example of:

• A)an internal locus of control.
• B)a reaction formation.
• C)implicit egotism.
• D)the self-serving bias.

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Definitions:

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations with its current assets over current liabilities.

Acid Test Ratio

A financial metric that assesses a company's ability to pay off its short-term liabilities with its quick assets (cash, marketable securities, and receivables).

Current Assets

Assets that are expected to be converted into cash within one fiscal year or one operating cycle, whichever is longer.

Current Liabilities

Short-term financial obligations that are due within one year or within the normal operating cycle of a business.