Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Skis Boots Apparel Supplies Selling price $ 166,000 $ 170,000 $ 112,000 $ 71,000 Cost 148,000 138,000 78,400 49,700 Replacement cost 111,000 127,000 116,000 45,700 Sales commission 10 % 10 % 10 % 10 % In applying the lower of cost or net realizable value rule, the inventory of apparel would be valued at

Attribute the cause of our successes to internal personal factors and attribute our failures to external factors

Explanation:

Self-serving bias

This is simply regarded as the willingness to view oneself favorably. people usually tend to see themselves better than average. In terms of thinking positively, by taking credit for successes and that other forces did not have a factor in successes gotten. And also thinking negatively, by not taking credit for failures and rather blame external factors for failures encountered.

Individuals do accept credit when it is successful, but if there is a loss, they reject it or rather not associate themselves with it. They attribute loss to something else example: when an athletes attribute loss of a match to bad referees or dirty play.