The Concept of the "Self-Serving Bias" Refers to the Tendency

question 99

Multiple Choice

The concept of the "self-serving bias" refers to the tendency for people to ____.

• A)take credit for their successes but deny blame for their failures
• B)remember cases in which they succeeded but forget cases in which they failed
• C)notice when they are better than others at things, but fail to notice when they are worse than others at things
• D)think that their personal skills, traits, and characteristics are more valuable and desirable than they really are

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Definitions:

Savings Account

A bank account that earns interest and is typically used for holding money that is not intended for daily expenses.

Accumulated Amount

The total sum including the principal and the compounded interest over a period.

End-Of-Quarter Payments

Payments that are made at the conclusion of a fiscal quarter, often related to financial obligations such as loans or leases.

Annuity

A fiscal product designed to disburse a static sequence of payments to someone, chiefly utilized as a means for generating income during retirement.