Pokeman Bunch Inc

question 20

Multiple Choice

Pokeman Bunch Inc., manufactures Poke Monster figures, and has the following data from its operation for the year just completed.The sales volume variance in terms of operating income is:

• A)$500 favorable.
• B)$1,500 unfavorable.
• C)$1,500 favorable.
• D)$2,500 unfavorable.
• E)$3,000 favorable.

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Definitions:

Self-Serving Bias

A cognitive bias that involves taking personal credit for success while blaming external factors for failures.

Bystander Effect

A social psychological phenomenon in which individuals are less likely to offer help to a victim when other people are present.

Actor-Observer Effect

The tendency to attribute one's own actions to external factors, while attributing others' actions to their personality.

Primacy Effect

The psychological phenomenon whereby the first items presented in a list are remembered more easily than those in the middle.