As a Junior in College, Nicholas Has Earned Good Grades

question 193

Multiple Choice

As a junior in college, Nicholas has earned good grades in all of his classes. Despite this, he keeps putting off enrolling in English Composition I and II because he is convinced that he lacks the writing skills necessary to succeed in those classes. According to the Enhancing Well-Being with Psychology box "Turning Your Goals into Reality," Nicholas's beliefs about his writing skills reflect a:

• A) low level of self-actualization.
• B) low degree of self-efficacy.
• C) high level of activation, but a low degree of persistence.
• D) normal degree of self-efficacy.

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Definitions:

Auto Loan Payments

Regular payments made by a borrower to a lender for the use of borrowed money to purchase an automobile, typically including both principal and interest.

Discount Rates

Interest rates used to calculate the present value of future cash flows.

Cash Constraints

Financial limitations that restrict the ability to purchase or invest due to the unavailability of liquid assets or cash.

Opportunity Costs

The cost of foregone alternatives when one option is chosen over another, representing the benefits that could have been received by taking the alternate action.