Which Three of the Following Services Are Most Likely to Be

question 6

Multiple Choice

Which three of the following services are most likely to be provided by factoring companies?

• A) Providing finance on the security of trade debts
• B) Sales ledger administration
• C) Credit insurance
• D) Organisation of leasing arrangements

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Definitions:

Fundamental Attribution Error

The tendency to overemphasize personality-based explanations for behaviors observed in others while underestimating the influence of situational factors.

Actor-observer Difference

The tendency to attribute one's own actions to situational factors while attributing others' actions to their personal characteristics.

Self-fulfilling Prophecy

A belief or expectation that influences actions in a way that causes the belief to become true.

Stereotype Threat

The risk of confirming negative stereotypes about one's social group, which can hinder performance in activities related to those stereotypes.