A Motivational Model for the Self-Serving Bias Suggests That We

question 109

Multiple Choice

A motivational model for the self-serving bias suggests that we attribute success to internal factors because we ________.

• A)tend to repress thoughts of failure
• B)are boosting our self-esteem
• C)generally expect to fail and attribute expected outcomes to internal factors
• D)are less aware of external influences on our own actions
• E)are limiting our self-esteem

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Definitions:

Materials Price Variance

The difference between the actual cost of raw materials and the expected (standard) cost, used in budgeting and financial analysis to gauge purchasing efficiency.

Direct Materials

Raw materials that are directly used in the manufacturing of a product and are easily traceable to the final product.

Direct Labor Variances

The difference between the budgeted or standard cost of direct labor for actual production and the actual cost incurred for direct labor.

Direct Labor

The work of factory employees that can be directly traced to the product being manufactured.