The Self-Serving Bias Is the Tendency to Overestimate Our Value

question 7

True/False

The self-serving bias is the tendency to overestimate our value by attributing successes to ourselves (internal causes) and attributing failures to others or the environment (external causes).

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Definitions:

Constrained Machine

A piece of equipment within a manufacturing process that limits the total output due to its capacity or throughput level.

Constrained Resource

A limiting factor or scarce resource that restricts the output or productivity of a manufacturing or business process.

Profitable Product

A product that generates revenue exceeding its costs of production and distribution, leading to a profit.

Intermediate Calculations

Calculations performed as part of a more extensive analysis or accounting process, often necessary for deriving final results or conclusions.