The Tendency for Observers to Underestimate the Impact of the Situation

question 131

Multiple Choice

The tendency for observers to underestimate the impact of the situation and to overestimate the impact of personal dispositions on another's behavior is called

• A) the foot-in-the-door phenomenon.
• B) the fundamental attribution error.
• C) cognitive dissonance.
• D) central route persuasion.

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Definitions:

Independent Auditor

A third-party professional or firm that examines an organization's financial statements to ensure accuracy and compliance with accounting standards.

Letter of Comments

A document containing feedback, observations, or suggestions usually generated during reviews or audits.

Registration Statement

A set of documents, including financial statements and a prospectus, filed with the SEC for a company intending to go public.

Materially Misstated Information

Information in financial statements that is inaccurately reported to a degree that could influence the economic decisions of users.