Tom Believes That He Is Exceptionally Insightful When It Comes

question 128

Multiple Choice

Tom believes that he is exceptionally insightful when it comes to understanding and helping others. In fact, he brags that he is probably one in a million when it comes to insight. Assuming Tom is not quite as special as he thinks he is, Tom's perception of himself most likely reflects the ____ effect.

• A)external attribution
• B)illusory correlation
• C)false uniqueness
• D)false consensus

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Definitions:

Journal Entry

An accounting transaction entered into a ledger that denotes the financial activities of a company.

Statement of Cash Flows

A summary statement which tracks all cash inflows to a company from its regular business operations and funds received from investments, plus all cash outflows for paying business and investment costs within a certain period.

Investing Activities

Transactions involving the purchase or sale of long-term assets and investments which are not related to the entity's primary business operations.

Financing Activities

Activities that result in changes in the size and composition of the equity capital and borrowings of an entity.