The "Fundamental Attribution Error" Refers To

question 33

Multiple Choice

The "fundamental attribution error" refers to:

• A) the fact that attributions are biased toward dispositional explanations
• B) the fact that attributions are biased toward situational explanations
• C) the fact that most attributions are wrong
• D) the fact that attribution theory is based on fundamental errors in reasoning

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Definitions:

Income Statement

A financial statement that shows a company's revenue and expenses over a specific period, resulting in net profit or loss.

Financial Errors

Mistakes in the accounting records that can distort the financial statements and mislead users.

Retained Earnings

The fraction of net earnings that is not allotted for dividends, but is retained by the company to reinvest in the core business activities or to pay off debts.

Annual Revenues

The total amount of money received by a company from its activities, such as sales of products or services, before any expenses are subtracted, within a fiscal year.