Mary and Ted Are Discussing Starting a New Business and Are

question 91

Multiple Choice

Mary and Ted are discussing starting a new business and are asking themselves a series of questions like;"What is the worst that could happen if we fail?" "How likely is that to happen?" They are assessing which potential drawback of small business ownership?

• A)The long hours and hard work involved
• B)The risk of losing their entire investment
• C)The lower quality of life they'll experience
• D)The uncertainty of their income

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Definitions:

Self-Efficacy

An individual's belief in their capacity to execute behaviors necessary to produce specific performance attainments.

Chaining Ability

The capacity to link together a series of actions or learning steps into a coherent and successful sequence.

Self-Awareness

The conscious knowledge of one’s own character, feelings, motives, and desires.

Generalization

The ability to apply learned skills or behaviors to different situations, settings, or contexts beyond the original learning environment.