What Is the Fundamental Attribution Error

question 50

Multiple Choice

What is the Fundamental Attribution Error?

• A) The tendency to include situational factors when explaining other people's behavior but ignore situational factors when explaining our own behavior
• B) The tendency to attribute every error we make to the people with whom we are interacting
• C) The tendency to include situational factors when explaining our own behavior but ignore situational factors when explaining other's behavior
• D) The tendency to believe that the fundamental reason for errors is the superficial nature of our society

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Definitions:

Default Risk

The probability that a borrower fails to meet the obligations of paying back the interest or principal on a debt on time.

Nominal Wages

Wages paid to employees that have not been adjusted for inflation, representing the amount of money earned in current dollars.

Inflation Rate

The rate at which the overall price level of goods and services increases, thereby reducing the buying power.

Nominal Wage Rates

The amount of money paid to an employee by an employer in current prices, without adjusting for inflation.