The Tendency to Take Credit for One's Good Actions and to Let

question 19

True/False

The tendency to take credit for one's good actions and to let the situation account for one's bad actions is called the fundamental attribution error.

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Definitions:

Credit

An accounting entry that increases the balance of liabilities and equity accounts, and decreases the balance of assets accounts. It is also the provision of resources (such as money) by one party to another with the expectation of repayment.

Accrued Interest

Interest that has accumulated over a period but has not yet been paid or officially recorded.

Maturity Date

The date on which a financial instrument, such as a bond or loan, is due to be repaid in full.

Bank Credit Cards

Financial tools issued by banks that allow cardholders to borrow funds within a pre-approved limit for purchases or cash withdrawals.