One of Your Hall-Mates, Ling, Is an Exchange Student from Taiwan

question 9

Multiple Choice

One of your hall-mates, Ling, is an exchange student from Taiwan. Ling never goes out with the other students, goes to bed at 9:30 every night, and studies quietly in her room most of the time. You assume that Ling behaves the way she does because she is Asian. Which of the following attribution errors might you have committed?

• A)self-serving bias
• B)fundamental attribution error
• C)overattribution
• D)all of these

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Definitions:

Periodic Inventory System

An inventory accounting system where updates to inventory levels are made at specific intervals, rather than continuously tracking each sale or purchase.

Cost Of Merchandise Sold

The total cost incurred by a business to sell its products, including the purchase price and other expenses directly related to procurement.

Journal Entry

A record in accounting that records a transaction, indicating the accounts and amounts debited and credited.

Cost Of Merchandise Sold

The total cost incurred to obtain goods sold by a company during an accounting period; it includes purchase price, freight in, and other costs related to procurement.