The Self-Serving Bias Is the Tendency to Overestimate Our Value

question 7

True/False

The self-serving bias is the tendency to overestimate our value by attributing successes to ourselves (internal causes) and attributing failures to others or the environment (external causes).

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Definitions:

Interest Revenue

Income earned by an entity from lending money or through investments in interest-bearing assets.

Deferred Revenue

Deferred Revenue is income a company has received for goods or services that have yet to be delivered or performed, recorded as a liability on the balance sheet.

Service Revenue

Income earned by a company through providing services as opposed to selling physical goods.

Salaries Payable

An account that records the amount owed to employees for work performed but not yet paid.