During His Project Presentation,Bob Falls Sick and Performs Poorly

question 78

Multiple Choice

During his project presentation,Bob falls sick and performs poorly.However,his colleague,Dan,concludes that Bob is timid and lacks confidence.Dan's tendency to ignore Bob's sickness and focus on his traits as a reason for his poor performance exemplifies the:

• A)false consensus bias.
• B)misinformation effect.
• C)fundamental attribution error.
• D)dispositional bias.

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Definitions:

Purely Competitive

A commercial framework with a vast number of tiny enterprises, a single type of product, freedom to enter and leave, and total transparency of information.

Allocative Efficiency

An allocation scenario where it's not feasible to enhance one person's well-being without negatively impacting another's.

Scarce Resources

Limited natural, human, and capital resources that cannot satisfy all wants and needs.

Consumer Preferences

Describes the subjective tastes and preferences of individual consumers, influencing their purchasing decisions.