According to Festinger's social comparison theory,in assessing performance and abilities,people may use two types of standards: objective and social.

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Festinger's social comparison theory proposes that people compare themselves to others to evaluate their abilities and performance. In doing so, they may use objective standards such as personal goals or external benchmarks, as well as social standards based on the performance of others. Therefore, the statement is true.

According to Festinger's Social Comparison Theory,in Assessing Performance and Abilities,people