If John Takes Credit for Work That He Completes on Time,but

question 144

Multiple Choice

If John takes credit for work that he completes on time,but blames his coworkers for his delays,he is exhibiting:

• A)fundamental attribution error.
• B)primacy effect.
• C)self-fulfilling prophecy.
• D)self-serving bias.
• E)projection bias.

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Definitions:

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances in temporary accounts to permanent accounts, thereby preparing the company's books for the next period.

Net Income

The net income of a business once all costs, taxes, and deductions are taken from the overall revenue.

Double Rule

A method used in accounting to underline totals for certain accounts or figures, indicating a sum or conclusion.

Closing Process

The series of steps performed at the end of an accounting period to prepare the books for the next period, including updating accounts and transferring balances.