The Process of Creating Explanations for Events Is Called __________

question 67

Multiple Choice

The process of creating explanations for events is called __________.

• A) attribution
• B) self-awareness
• C) self-serving bias
• D) projection

---

Definitions:

Break-even Point

The break-even point is the point at which total costs equal total revenues, resulting in neither profit nor loss for the business.

Estimated Fixed Costs

Forecasted expenses that do not vary with the level of production or sales over a specific period of time.

Net Sales

This refers to the total revenue from sales minus returns, allowances for damaged or missing goods, and discounts.

Contribution Margin Ratio

The percentage of each sales dollar that is available to cover the fixed costs and provide an operating income.