A Self-Serving Bias Is a Tendency to Attribute Our Positive

question 161

Multiple Choice

A self-serving bias is a tendency to attribute our positive outcomes to ____ and negative outcomes to ____.

• A) situational causes; dispositional causes
• B) dispositional causes; situational causes
• C) consensus; uniqueness
• D) ego strength; ego weakness

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Definitions:

Product-Variety Externality

External effects that occur when the introduction of new products benefits consumers more than the producers, typically by increasing the variety of goods available.

Business-Stealing Externality

Business-Stealing Externality occurs when a new entrant in a market captures a portion of the incumbent firm's customers, potentially leading to costs not accounted for in the entrant's decisions.

Spillover Benefits

These are benefits experienced by those who are not directly involved in economic transactions or activities; they result from the positive externalities of such transactions.

Advertising

The act of promoting products, services, or brands through various media channels to inform, persuade, and influence purchasing decisions.