The Fundamental Attribution Error

question 24

Multiple Choice

The fundamental attribution error

• A) Over attributes a behavior to a situation, rather than a cause within a person
• B) Over attributes a behavior to luck rather than effort
• C) Over attributes a behavior to a cause within a person, rather than the situation.
• D) None of the above are true

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Definitions:

Retirement

The process of leaving one's job and ceasing to work, typically upon reaching a certain age or due to health reasons, often supported by savings, pensions, and Social Security benefits.

Compounded Annually

Interest on an investment or loan that is calculated once a year on both the initial principal and the accumulated interest from previous periods.

Future Value

The value of an investment or cash flow at a specific future date, considering compounding interest or returns.

Invested

The act of allocating resources, often money, into something to earn a financial return or achieve another economic benefit.