You Would Probably Be LEAST Likely to Commit the Fundamental

question 11

Multiple Choice

You would probably be LEAST likely to commit the fundamental attribution error in explaining why

• A) you failed a college test.
• B) a classmate you don't know was late for class.
• C) your professor gave a boring lecture.
• D) the college administration decided to raise next year's tuition costs.

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Definitions:

IFRS

IFRS stands for International Financial Reporting Standards, which are a set of accounting standards developed by the International Accounting Standards Board (IASB) aiming at making global financial statements more comparable, transparent, and reliable.

Marketable Securities

Marketable securities are liquid financial instruments that can be quickly converted into cash at their current market prices.

Trading Securities

Financial assets that a firm holds for the purpose of selling them in the short term to profit from price changes.

Amortized Cost

The amount at which a financial asset or financial liability is measured at initial recognition minus principal repayments, plus or minus the cumulative amortization.