Which of the Following Cognitive Biases Refers to People's Tendency

question 13

Multiple Choice

Which of the following cognitive biases refers to people's tendency to attribute their successes to personal ability and effort, and failures to forces outside their control?

• A)overconfidence effect
• B)confirmation bias
• C)self-serving bias
• D)hindsight bias

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Definitions:

Traditional Product Costing Systems

Costing methods that typically allocate overhead costs based on a single volume-based cost driver, which may not accurately reflect the actual resources consumed by products.

Activity Rates

Predetermined charges used in activity-based costing to allocate costs to products or services based on the activities required for their production.

Quality Inspection

The process of examining and testing goods or services to ensure they meet specified standards of quality before they are sold or delivered.

Machining

The process of removing material from a workpiece to create a desired shape or finish using tools and machines such as lathes, mills, or drills.