Carolina Products
Carolina Products Sells a Unique Item with the Following

question 95

Multiple Choice

Carolina Products
Carolina Products sells a unique item with the following information available:
$\begin{array}{ll}\text { Sales price } & \$ 40 \text { per unit } \\\text { Variable costs } & \$ 12 \text { per unit } \\\text { Fixed Costs } & \$ 2 \text { per unit } \\\text { Units produced and sold } & 2000\end{array}$
-What is the contribution margin ratio?

• A) 30%
• B) 70%
• C) 65%
• D) 35%

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Definitions:

Self-Serving Bias

Self-serving bias is the tendency to attribute positive events to one's own character but attribute negative events to external factors, often serving to maintain one's self-esteem.

Independence

The state or quality of being self-reliant and not subject to external control or support.

Big Five Personality Factors

A model describing human personality through five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Self-Serving Bias

is a cognitive bias where individuals attribute positive outcomes to their own actions and negative outcomes to external factors.