When Ainslie Did Poorly on the Physics Midterm Exam, She

question 27

Multiple Choice

When Ainslie did poorly on the physics midterm exam, she blamed her low score on the unfairness of the exam and the lousy professor. But when the final grades in the course were curved and she received an A minus, she concluded that she had a real talent and mental capacity for logical, scientific thinking. This example illustrates:

• A) the fundamental attribution error.
• B) hindsight bias.
• C) blaming the victim.
• D) the self-serving bias.

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Definitions:

Journalize

The process of recording financial transactions in a company’s journal, marking the first step in the accounting cycle.

Reconciling Items

Entries made to adjust or reconcile differences between two sets of records or accounts.

Bank Statement

A document provided by a bank that summarizes an account holder's financial transactions and balances over a specified period, typically monthly.

Cash Balance

The amount of cash that a company or an individual has available at any given time.