Self-Serving Bias Is the Tendency to Take Credit for Our

question 151

Multiple Choice

Self-serving bias is the tendency to take credit for our ____ and disavow responsibility for ____.

• A) failures; our successes
• B) successes; our failures
• C) own successes; our friends' successes
• D) own successes; the successes of those we don't like

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Definitions:

Lower Prices

A decrease in the cost at which goods or services are sold, enhancing affordability.

Better Products

Refers to goods that are of higher quality, more reliable, or offer greater value than competitors.

Market Power

The power of a firm to control the market price of its product. A monopoly has the greatest degree of market power.

Consumer Data

Information relating to individuals who purchase or show interest in products and services, including personal details, buying habits, and preferences.