Which of the Following Is an Example of the Fundamental

question 87

Multiple Choice

Which of the following is an example of the fundamental attribution error?

• A) Dorothy thinks that her co-worker's bad mood is because their boss was overworking them.
• B) Craig assumes that his classmate is stupid, because his classmate got a poor grade on the midterm exam.
• C) Blanche is angry because she didn't get the promotion she applied for, and it was given to someone she doesn't respect.
• D) Taylor knows that there is a rip in the carpet that trips people, and he laughs every time someone falls down.

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Definitions:

Net Realizable Value

The estimated selling price in the ordinary course of business minus any estimated costs of completion and costs necessary to make the sale.

Statement Of Financial Affairs

A document detailing a company's assets, liabilities, and equity at a specific point in time, often used in bankruptcy proceedings.

Pledged Assets

Pledged assets are those items of value that are pledged as collateral for a loan or obligation, securing the repayment of the loan by providing the lender rights to the collateral in case of default.

Net Realizable Value

The estimated selling price in the ordinary course of business minus estimated costs of completion and applicable selling expenses.