The Self-Serving Bias Occurs When We Attribute Our Own Failures

question 42

True/False

The self-serving bias occurs when we attribute our own failures to external factors and our own successes to internal factors.

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Definitions:

Common Stock

Shares of a corporation that provide voting rights and entitle the holder to a share of the company's success through dividends and capital appreciation.

Dividend

A portion of a company's earnings distributed to shareholders, usually as a payout of profits on a regular basis.

Temporarily Undervalued

Refers to assets or securities believed to be priced below their true value, often expected to correct over time.

Stockholders

Stockholders, also known as shareholders, are individuals or entities that own one or more shares of stock in a public or private corporation, giving them partial ownership of the company.