According to the Fundamental Attribution Error, Bob Will Explain Why

question 53

Multiple Choice

According to the fundamental attribution error, Bob will explain why Joe lost his job last week by suggesting that:

• A) Joe was a troublemaker.
• B) the demographics of the company were changing.
• C) Joe was unable to create enough revenue.
• D) the company needed to save money.

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Definitions:

Expected Return

The predicted average of the probabilities of various returns an investment can generate, reflecting the anticipated earnings or loss.

Actuarially Assumed

Refers to statistical calculations and estimates made by actuaries, often related to insurance and pension fund liabilities.

Service Cost Component

The element of pension expense that represents the present value of benefits attributed by the pension plan formula to employee service during the period.

Defined Benefit Pension Plan

A type of pension plan where an employer promises a specified pension payment upon retirement, based on the employee's earnings history and tenure.