Discuss the Advantages and Disadvantages of Corporations

question 70

Essay

Discuss the advantages and disadvantages of corporations.

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Definitions:

Just World

The belief that the world is fundamentally fair and that justice prevails, leading individuals to rationalize injustices or victimization.

Actor-Observer Effect

A cognitive bias in which people tend to attribute their own actions to external circumstances but the actions of others to inherent traits.

Fundamental Attribution Error

The tendency to overestimate the effect of personality or disposition and underestimate the influence of situational factors when explaining others' behaviors.

False Consensus Effect

The tendency to overestimate the extent to which others share our beliefs, attitudes, and behaviors.