Janet Noticed That Craig Was Forgetting to Clean Up His

question 19

Multiple Choice

Janet noticed that Craig was forgetting to clean up his papers in the living room.Janet failed to notice the many times that Craig had cleaned up.What is occurring?

• A) Confirmation bias
• B) The fundamental attribution error
• C) Self-serving bias
• D) Defensive attribution

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Definitions:

Construction In Progress

The balance sheet account that represents the costs incurred on a construction project during the period it is actively being worked on.

Anticipated Losses

Expected financial deficits that are predicted based on current circumstances or activities.

Completed Contract

An accounting method where revenue and income are recognized only after a contract is finished or the work is completely done.

Percentage Of Completion

An accounting method used to recognize revenue and expenses of long-term contracts proportionally as the contract progresses toward completion.