Ralph Watches as a Customer with at Least 40 Items

question 269

Multiple Choice

Ralph watches as a customer with at least 40 items lines up at his express checkout line.He decides the customer must be a real "idiot" to miss the sign that indicates Ralph's checkout line is an express line with a limit of 10 items.Ralph's attribution for the cause of the customer's behavior is consistent with

• A) the fundamental attribution error.
• B) drawing an illusory correlation.
• C) a self-serving bias.
• D) a defensive attribution.

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Definitions:

Compounded Monthly

The monthly exercise of determining interest by applying it to the initial principal amount as well as to the interest that has been accumulated over preceding periods.

Accrued Interest

Interest that has been incurred but not yet paid.

Initial Loan

The original amount of money borrowed or the starting balance of a loan before any payments or interest are applied.

Compound Annual

Refers to the method of calculating interest where interest is added to the principal, so that, from that moment on, the interest that has been added also earns interest.