What Term Is Used for the Tendency of an Individual

question 56

Multiple Choice

What term is used for the tendency of an individual to attribute his own successes to internal factors while putting the blame for failures on external factors?

• A) consistency
• B) stereotyping
• C) self-serving bias
• D) selective perception
• E) fundamental attribution error

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Definitions:

Average Variable Cost

The total variable costs of production divided by the quantity of output, showing the average cost of producing each unit excluding fixed costs.

Average Total Cost

The total cost of producing a certain quantity of a good divided by that quantity, representing the cost per unit of output.

Total Fixed Costs

The total of all expenses that do not change with the amount of production or output.

Total Variable Costs

The sum of all costs that change with the level of output, such as materials and labor directly involved in production.