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You Have Just Received Your Results on an Exam

question 399

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You have just received your results on an exam. Although you thought that you were prepared, you didn't do very well. You can't recall exactly what the questions asked but clearly remember how much work you put in preparing for it. You decide that the reason you performed poorly must have been because the exam questions were unfair in some way. You wonder why your instructor is trying to make things difficult for your class and don't consider the possibility that there was nothing wrong with the exam and the course material was simply difficult. What concept would be most relevant here?


Definitions:

Transactional Risks

The potential for financial loss that a company faces when engaging in business transactions, especially in foreign markets.

Customary Law

Laws derived from experience, practice, collective wisdom, and shared philosophy to set the boundaries and rights that define relationships between community members.

Statutory Code

A formal legal code enacted by a legislature, providing a systematic collection of laws, regulations, or rules in a specific area.

International Laws

Laws agreed on by nations; these laws are binding on nations and supersede their national laws.

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