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The Tendency to Underestimate the Influence of External Factors and Overestimate

question 76

Multiple Choice

The tendency to underestimate the influence of external factors and overestimate the influence of internal factors when making judgments about the behaviour of others is termed:


Definitions:

Written Agreement

A documented accord between two or more parties, outlining terms and conditions to which they have mutually consented.

Terms of Payment

The conditions under which a seller will complete a sale, typically specifying the period allowed to a buyer to pay for the goods or services received.

Equal Credit Opportunity Act

A United States federal law ensuring all consumers are given an equal chance to obtain credit, regardless of race, religion, national origin, sex, or marital status.

Discriminating

The act of making distinctions or differentiating between objects, subjects, or concepts.

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