Cornucopia Bank Receives a Check Drawn on the Account of Get-Rich

question 9

Multiple Choice

Cornucopia Bank receives a check drawn on the account of Get-Rich Industries,Inc. ,one of the bank's customers,at 3 p.m.Friday.Harry,the pre?senter of the check,is not one of the bank's customers.The bank uses de?ferred posting with a 2 p.m.cutoff hour.If it decides to dis?honor the check,it must do so by midnight

• A)Saturday.
• B)Sunday.
• C)Monday.
• D)Tuesday.

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Definitions:

Internal Attributions

The tendency to explain one's own behavior and the behavior of others based on internal, character-based factors.

Self-Serving Bias

A cognitive bias where individuals attribute their successes to internal factors and their failures to external factors.

Fundamental Attribution Error

The cognitive bias that leads individuals to overemphasize personal traits and underestimate the influence of situational factors when explaining other people's behavior.

Halo Effect

The halo effect is a cognitive bias where an observer's overall impression of a person, company, or brand influences their feelings and thoughts about that entity's character or properties.