When We Have a Self-Serving Bias, We Attribute Failure and Other

question 21

Multiple Choice

When we have a self-serving bias, we attribute failure and other bad events that happen to us to ____________, but we attribute success and other good events to ____________.

• A) distinctive factors; global factors.
• B) permanent circumstances; temporary circumstances.
• C) controllable circumstances; uncontrollable circumstances.
• D) external circumstances; ourselves.

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Definitions:

Cash Budget

A financial plan detailing a company's cash inflows and outflows over a specific period, used for managing cash flow and ensuring liquidity.

Budgeted Income Statement

A forecasted income statement showing projected revenues, expenses, and net income for a specific period.

Budgeted Balance Sheet

A financial statement projected for a future date, outlining the anticipated assets, liabilities, and equity based on planned operations and capital activities.

Budgeted Selling Price

The anticipated price at which a product is expected to be sold, as estimated during the budgeting process.