Barry is a manager in a cell phone manufacturing company. He assumed that the recent growth of profit was due to his excellent planning, without considering the fact there was marked reduction in the inflation rate. This is an example of a:
A)reverse halo effect.
B)self-serving bias.
C)contrast bias.
D)generalization effect.
E)halo effect.

Question

Quizplus · Accepted Answer

The self-serving bias reflects the tendency to take more personal responsibility for success than failure and can lead managers to assume that success was due to their insights and talents and not to random events or external factors outside of management's control.

Barry Is a Manager in a Cell Phone Manufacturing Company