John Works in a Software Services Company

question 61

Multiple Choice

John works in a software services company. He is currently a member of a large team working on a project. John generally tries to avoid taking responsibilities and works as less as possible because he knows that there are other team members who will complete the work. Which of the following terms best represents John's behaviour?

• A) social loafing
• B) self-concordance
• C) fundamental attribution error
• D) representativeness bias
• E) bandwagon effect

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Definitions:

June 550 Call

An options contract granting the holder the right, but not the obligation, to buy an underlying asset at a predetermined price of 550 units, expiring in June.

Gold

A precious metal that is used as an investment, a store of value, and in jewelry, due to its scarcity, durability, and aesthetic appeal.

Credit Default Swap

A financial derivative allowing an investor to "swap" or offset their credit risk with that of another party.

Financial Risk

Financial risk encompasses the possible loss of financial assets, liabilities, or financial failure due to variables like currency fluctuations, interest rate changes, and funding challenges.