Whenever Anyone Praises Mark for His Good Performance, He Has

question 101

Multiple Choice

Whenever anyone praises Mark for his good performance, he has the tendency to attribute his success to his personal qualities such as his ability to thrive under pressure and his eye for detail. However, any negative performance feedback is always met with excuses such as unsupportive team members or insufficient time. This is an example of the ________.

• A) self-serving bias
• B) confirmation bias
• C) representation bias
• D) hindsight bias

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Definitions:

Financial Institutions

Organizations that provide financial services, such as banks, insurance companies, and stock exchanges.

Open Market Operations

The buying and selling of government securities by a central bank as a means of controlling the money supply and influencing interest rates.

National Debt

The total amount of money that a country's government has borrowed, by various means, from the private sector and other governments.

Interest Rates

The cost of borrowing money or the return for investing money, typically expressed as a percentage of the principal amount per year.