Howie Is Still Not Entirely Sure How Smart He Is

question 15

Multiple Choice

Howie is still not entirely sure how smart he is, so he asks other students in his first grade class how they did on a test. After checking with 5 other children, Howie realizes he did better than any of them and Howie concludes he must be pretty smart after all. The process by which Howie reached this conclusion is __________.

• A) indirect definition
• B) self-fulfilling prophesy
• C) script
• D) reflected appraisal
• E)social comparison

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Definitions:

Level of Competition

Describes the intensity and number of competitors in a market, which can influence pricing, product innovation, and consumer choice.

Profitability

The degree to which a business or activity yields profit or financial gain.

Oligopolists

Firms within a market structure characterized by a small number of large firms controlling the market, often leading to limited competition.

R&D

Stands for Research and Development; it involves activities undertaken by businesses and organizations to innovate and introduce new products or services.