Dean Jones Sees That Every Student in the Management Class

question 46

Multiple Choice

Dean Jones sees that every student in the Management class received an "A." She assumes that the course must be too easy because students don't work hard. This is an example of __________________.

• A) an internal error
• B) a high loci bias
• C) self-serving bias
• D) a fundamental attribution error

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Definitions:

Fixed Fee

A fixed fee is a pricing structure where a single set price is agreed upon for a service or project, regardless of the time or resources used.

Cost Reimbursable Contract

A type of contract where the buyer reimburses the seller for the seller's allowable costs, plus a fee representing the seller's profit.

Performance Criteria

Standards or metrics used to evaluate the efficiency, progress, or success of a project, employee, or system against defined objectives.

Allowable Costs

Expenses that can be charged to a project, as defined by contractual agreements or regulatory guidelines.