Which of the Following Is a Fairly Common Attributional Bias

question 17

Multiple Choice

Which of the following is a fairly common attributional bias?

• A)hindsight bias
• B)the in-group bias
• C)the "feel good, do good" effect
• D)diffusion of responsibility

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Definitions:

Constant Returns to Scale

The situation in which a proportional increase in all inputs leads to an equal proportional increase in output.

Wage Rate

The standard amount of compensation paid to an employee per unit of time worked, typically expressed on an hourly or monthly basis.

Competitive Market

A market structure characterized by a large number of buyers and sellers, free entry and exit, and a product that is similar across suppliers, leading to price determination by supply and demand.

Production Function

A mathematical schema that links the inputs utilized in creating goods or services to the outputs produced.