Zack Arrived Late for a Meeting This Morning Because There

question 20

Multiple Choice

Zack arrived late for a meeting this morning because there was a 20 -car pile-up on the beltway.Ryan,his manager,assumed Zack overslept because he partied too much last night.Which of the following statements is most accurate?

• A)Ryan committed a fundamental attribution error.
• B)Zack committed a fundamental attribution error.
• C)Zack used the ladder of inference.
• D)Zack used the self-serving bias.
• E)Ryan used the self-serving bias.

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Definitions:

Dividends Paid

Cash or other assets distributed to shareholders out of the company's earnings.

Income Statement

A financial statement that shows a company's revenues and expenses over a specified period of time, leading to net income or net loss.

GAAP

Generally Accepted Accounting Principles; a set of accounting standards, principles, and procedures that companies must follow when compiling their financial statements in the U.S.

Convertible Bonds

Bonds that can be converted into a predetermined number of a company’s shares at certain times during their life, usually at the discretion of the bondholder.