Regarding Cross-Cultural Differences in Cognitive Biases, Which of the Following

question 120

Multiple Choice

Regarding cross-cultural differences in cognitive biases, which of the following statements is TRUE?

• A)People from individualistic cultures are more prone to make the fundamental attribution error and less prone to demonstrate a self-serving bias.
• B)People from collectivist cultures are more prone to make the fundamental attribution error and less prone to demonstrate a self-serving bias.
• C)People from individualistic cultures are less prone to make the fundamental attribution error and more prone to demonstrate a self-serving bias.
• D)People from collectivist cultures are less prone to make the fundamental attribution error and more prone to demonstrate a self-serving bias.
• E)People from individualistic cultures are more prone to self-serving bias and the fundamental attribution error than are people from collectivist cultures.

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Definitions:

Supreme Court Decision

A ruling issued by the Supreme Court, which is the highest court in many countries, setting a legal precedent.

Trust

A provision in equity whereby one person transfers property to a second person obligated to use it to the benefit of a third person.

Involuntary Assignment

Assignment of rights that takes place involuntarily, as in the cases of death and bankruptcy.

Equity Provision

A clause in an agreement that allows for adjustment based on the equity value of an entity or asset.