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The managers of Lehman Brothers, whose bankruptcy helped propel the 2008-2009 financial crisis, used loopholes in U.K. law to hide billions of dollars of worthless assets in its balance sheet to disguise its poor financial condition. Which of the following approaches to how to be socially responsible is illustrated from this example? Author: I took this change from the questions section above and corrected it. However, I think the sentence was better before the change.
Self-Serving Bias
The common tendency to attribute our successes to personal characteristics and our failures to external factors.
Total Egocentrism
A cognitive state where an individual is unable to differentiate between their own perspective and that of others, typically seen in early childhood development.
Types of Memory
The various forms in which the human brain can store information, typically classified as sensory, short-term (or working), and long-term memory.
Habituation
A psychological learning process wherein there is a decrease in response to a stimulus after being repeatedly exposed to it.
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