The Tendency of People to Place Too Much Emphasis on Personal

question 16

Multiple Choice

The tendency of people to place too much emphasis on personal factors when accounting for other people's actions and too little emphasis on personal factors when accounting for our own actions is known as the ________.

• A) actor-observer bias
• B) self-serving bias
• C) recency effect
• D) primacy effect

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Definitions:

Japanese Yen

The official currency of Japan, commonly used in international financial transactions.

U.S. Dollar

The official currency of the United States, widely used as a benchmark and reserve currency around the world.

Fixed Exchange Rates

A government or central bank policy setting the value of its currency in relation to another currency or a basket of currencies.

Consolidated Statements

Financial statements that present the assets, liabilities, equity, income, expenses, and cash flows of a parent company and its subsidiaries as a single entity.