Jason Waits Until the Last Week to Begin His Term

question 403

Multiple Choice

Jason waits until the last week to begin his term paper and finds all the "good" resources checked out. When he receives a D on his paper, he explains to his parents about the lack of materials he had to work with in order to "pull this paper together." Jason's procrastination provided him with an excuse for his poor performance. This example illustrates the concept of

• A)self-handicapping.
• B)actor-observer bias.
• C)the fundamental attribution error.
• D)the autokinetic effect.

---

Definitions:

Rolling Budgets

Budgeting method that continuously updates by adding a new budget period as the current period is completed, ensuring ongoing financial planning.

Budgeted Financial Statements

Financial statements that predict revenues, expenses, and net income based on the budget for a future period.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period, typically used to assess liquidity and manage cash effectively.

Rolling Budget

A continuously updated budget that extends into the future for a consistent period, as current months pass, new months are added to the budget.