The document discusses how a person's self-efficacy can impact their functioning and achievement. It explains that there are four major psychological processes related to self-efficacy: cognitive processes, motivational processes, affective processes, and selection processes. Cognitive processes involve imagining scenarios and comparing predictions to outcomes. Motivational processes use forethought to set goals and understand what is needed to achieve goals. Affective processes relate to perceiving one's coping abilities, and selection processes influence life decisions based on beliefs about one's abilities. High self-efficacy is linked to better management of thinking, higher goal-setting, stronger coping skills, and less likelihood of settling in an unfulfilling career.