Self-Serving Bias Is the Tendency to Take Credit for Our

question 38

True/False

Self-serving bias is the tendency to take credit for our successes and blame others or the situation for our mistakes.

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been deducted from total revenue.

Income Statement

A financial report that displays a company's revenues, expenses, and profits over a specific period.

Balance Sheet

A document detailing a firm's assets, debts, and owner's equity at a certain point in time.

Cross-referencing

A method used to provide additional reference or information related to a document, statement, or item by linking it to another source.