Which of the Following Approaches Yields Better Results in an Established

question 46

Multiple Choice

Which of the following approaches yields better results in an established industry or a poor one?

• A) External focus
• B) Effectuation focus
• C) Prevention focus
• D) Promotion focus

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Definitions:

Repossession

The process by which a creditor takes back property or goods from the borrower due to failure to make scheduled payments.

Defaulted

Refers to failing to fulfill a legal obligation, especially failure to pay a debt or appear in court as required.

Foreclosed

The legal process by which a lender takes possession of a property due to the borrower's failure to pay the mortgage.