When Describing or Explaining the Behavior of Others, We Tend

question 34

Multiple Choice

When describing or explaining the behavior of others, we tend to blame the person; however, when explaining our own behavior, we tend to blame the situation. This phenomenon is referred to as _____

• A)the fundamental attribution error.
• B)the self-serving bias.
• C)the situational attribution effect.
• D)the actor-observer effect.

---

Definitions:

Contribution Margin

The amount of revenue remaining after subtracting variable costs, indicating how much contributes towards covering fixed costs and generating profit.

Per Unit

Refers to expressing costs, revenues, or other financial metrics on a per-unit basis to provide a standardized measure.

Absorption Costing

An accounting method that includes all manufacturing costs, both variable and fixed, in the cost of a product, and is used for external reporting purposes.

Unit Product Cost

The total cost associated with manufacturing one unit of a product, including labor, materials, and overhead expenses.