The Fundamental Attribution Error Refers To

question 39

Multiple Choice

The fundamental attribution error refers to:

• A)people's tendencies to ignore situational causes of behavior and favor internal explanations.
• B)people's tendencies to ignore internal causes of behavior and favor external explanations.
• C)people's tendencies to deal with someone else's behavior without trying to figure out what made them behave that way.
• D)people's tendencies to go along with the majority opinion in deciding what caused an event rather than reasoning it out for themselves.

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Definitions:

Retained Earnings Statement

A financial statement that shows how a company's retained earnings have changed during a specific period.

Fiscal Year

A one-year period used for financial and tax reporting purposes, which may or may not align with the calendar year, depending on the company or organization.

Stock Split

A corporate action in which a company divides its existing shares into multiple shares to boost the liquidity of the shares, although the overall value of the company does not change.

Market Price

The current value at which an asset or service can be bought or sold in the marketplace.