________ Is When We Attribute Our Failures to External Factors

question 77

Multiple Choice

________ is when we attribute our failures to external factors and our successes to internal factors.

• A) The ratio bias effect
• B) The self-serving bias
• C) The gambler's fallacy
• D) Escalation of commitment
• E) The fundamental attribution error

Grasp the concept and calculation of contribution margin and contribution margin ratio.

Understand how changes in sales volume, prices, and costs affect net income.

Learn to calculate and interpret the degree of operating leverage.

Apply concepts of break-even and profitability analysis to decision-making, including special orders.

---

Definitions:

Market Revolution

The dramatic increase in exchange of goods and services in the 19th century U.S., facilitated by advancements in transportation, commercialization, and industrialization.

Economic Opportunities

Prospects for participation in economic activities that can lead to employment and financial success.

Cult of Domesticity

A 19th-century ideology in the United States and Britain that glorified women's roles in home-making and child-rearing, emphasizing piety, purity, domesticity, and submissiveness.