Benjamin Has Recently Received a Large Estate Settlement, and He

question 92

Multiple Choice

Benjamin has recently received a large estate settlement, and he is eager to use the money toward the purchase of a successful business that is already in operation. Which of the following should be discouraged as a source for finding businesses for sale?

• A) friends
• B) business owners themselves
• C) real estate brokers
• D) phonebook

---

Definitions:

Actor-Observer Effect

A social psychology phenomenon where individuals attribute their own actions to situational factors but the actions of others to their personalities.

Situational Attributions

The process of attributing someone's behavior to external factors, such as situational influences or environmental conditions, as opposed to personal characteristics.

Causal Attributions

Explanations of an individual’s behavior.

Causal Schemas

Mental frameworks that help individuals infer and make sense of cause-and-effect relationships in various situations, guiding understanding and predictions about the world.