Accounting as a Profession Did Not Exist in England Prior

question 79

True/False

Accounting as a profession did not exist in England prior to 1988.

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Definitions:

Self-serving Bias

In attribution, the tendency for people to take personal credit for acts that yield positive outcomes and to deflect blame for bad outcomes by attributing them to external causes.

Fundamental Attribution Error

The tendency to overemphasize personality-based explanations for behaviors observed in others while underestimating the influence of situational factors.

Actor-observer Difference

The tendency to attribute one's own actions to situational factors while attributing others' actions to their personal characteristics.

Self-fulfilling Prophecy

A belief or expectation that influences actions in a way that causes the belief to become true.