If You Find Explanations Outside Yourself When You Suffer a Setback

question 17

Multiple Choice

If you find explanations outside yourself when you suffer a setback, but tend to blame others' problems on their personal flaws, you are exhibiting

• A) overgeneralization.
• B) self-serving bias.
• C) the halo effect.
• D) miscommunication.

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Definitions:

Worthless Today

Describes assets or investments that have lost all monetary value in the current period.

Significant Liability

Substantial financial obligations or debts that a company or individual has, which can impact financial health.

Credit Cards

Financial tools issued by banks allowing cardholders to borrow funds within a pre-approved limit for purchases or cash advances, typically requiring repayment with interest.

Mortgages

Loans secured by real property, typically used by individuals or businesses to purchase homes or real estate.