Which of the Following Is the BEST Definition for Self-Serving

question 37

Multiple Choice

Which of the following is the BEST definition for self-serving heuristics?

• A) A description of the patient that provides information on their life situation, current problems, and a set of hypotheses.
• B) Involve judgments that are systematically different from what a person should conclude based on logic or probability.
• C) Mental shortcuts that make decision-making easier and faster, but tend to result in errors in decision-making.
• D) A tendency to take more personal credit for successes than for failures, by attributing success, but not failure, to internal, stable, and global causes.

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Definitions:

Firms

business organizations engaged in the production and sale of goods and services, operating with the motive of earning profits.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing a particular action.

Labor Resource

Human work effort, both physical and mental, utilized in the creation of goods and services.

Linear Production

A production process in which outputs are directly proportional to inputs, with a constant rate of output per unit of input.