Whenever Jane is successful she takes full credit for what has happened, but whenever she is unsuccessful she attributes her fai
lure to bad luck or blames one of her fellow employees. She is guilty of:________. .A) fundamental attribution errorB) attribution biasC) the halo effectD) distinctivenessE) self-serving bias
Self-service bias, or bias due to personal interest, appears when people request responsibility with greater interest for their own successes than for their own failures or failures. It also manifests itself when people tend to evaluate ambiguous information in a way that benefits their own interests. Dale Miller and Michael Ross were the first to suggest this attributional bias. Self-service also arises as a result of statistical bias as a result of people thinking, due to their self-esteem, that in certain areas it is better than average. For example: most drivers think they drive better than average.
The correct option is B. In case of non repayment of loan, the lender can sell the collateral and used the proceeds to cover his losses. A collateral is always in form of properties which are substantial in value, it is often requested that borrowers provide collateral in order to reassure lenders that they will pay up.
