The _____ Reflects One's Tendency to Attribute Another Person's Behavior

question 40

Multiple Choice

The _____ reflects one's tendency to attribute another person's behavior to his/her personal characteristics,as opposed to situational factors.

• A) central tendency effect
• B) self-serving bias
• C) fundamental attribution bias
• D) recency effect
• E) leniency effect

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Definitions:

Recognises Revenues

The process of recording income in the financial statements when it is earned, according to the criteria set out in accounting standards.

Joint Cost Allocation

The process of distributing the costs of production that are incurred in producing multiple products at the same point of the process across those products.

Joint Costs

Costs that are incurred up to a split-off point in the production process, making them inseparable costs shared by more than one product.

Sunk Costs

Costs that have already been incurred and cannot be recovered, which should not influence future business decisions since they cannot be changed.