Which Statement About Self-Serving Bias Is FALSE

question 6

Multiple Choice

Which statement about self-serving bias is FALSE?

• A) People with a self-serving bias take credit for behavior that results in positive outcomes.
• B) People with a self-serving bias place blame on others for negative outcomes.
• C) A self-serving bias is not adaptive and can eventually increase the likelihood of failure when we overestimate our abilities.
• D) People with a self-serving bias make attributions that are the opposite of those generated by people with a pessimistic explanatory style.

Describe the characteristics of zero-coupon bonds and calculate their value at different points in time.

Recognize the terms related to bonds, such as face value, market price, coupon rate, and yield to maturity.

Analyze the factors that influence bond prices and yields, including the time value of money and market interest rates.

Apply knowledge of bond pricing to evaluate investment opportunities in bonds.

---

Definitions:

Production Possibilities Curve

A visual diagram displaying the highest achievable production combinations of two products or services within an economy, assuming all resources are used completely and effectively.

Consumer Goods

Products that are purchased by consumers for personal or household use, as opposed to goods used by businesses to produce other goods.

Capital Goods

Long-lasting goods acquired or manufactured by a business that are used in the production of other goods or services, rather than being sold to consumers.

Opportunity Cost

The expense incurred by not selecting the second-best choice available when deciding between multiple options.