When We Underestimate the Role of Context in Explaining Someone

question 6

Multiple Choice

When we underestimate the role of context in explaining someone else's behaviour we:

• A) make the ultimate attribution error.
• B) show the actor-observer effect.
• C) demonstrate the illusory correlation.
• D) make the fundamental attribution error.

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Definitions:

Estimated Useful Life

The expected timeframe during which an asset is considered to be useful or productive for its intended purpose.

Depreciation Expense

The allocated portion of the cost of a tangible or physical asset that is written off as an expense over its useful life.

Revised Amounts

Adjusted figures in financial statements or budgets to reflect changes from previously reported or estimated numbers.

Straight-Line Method

A method of calculating depreciation for an asset, spreading the cost evenly over its useful life.