Actors and Observers Tend to Give Different Explanations for the Same

question 205

Multiple Choice

Actors and observers tend to give different explanations for the same instance of behavior because

• A)only actors themselves can accurately explain their own behavior.
• B)only outside observers can accurately explain actors' behavior.
• C)observers tend to possess more knowledge than the actors.
• D)situational pressures may not be readily apparent to an observer.

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Definitions:

Nonpublic

Information or entities not available or accessible to the general public, often pertaining to private or confidential matters.

Business Judgment Rule

A legal principle that protects corporate directors and officers from liability for decisions made in good faith and believed to be in the best interest of the company.

Duty of Due Diligence

An obligation to conduct a comprehensive appraisal of a business or individual prior to signing a contract, to avoid harm.

Declares a Dividend

When a company's board of directors announces the payment of a dividend, distributing a portion of earnings to shareholders.