Consider That You Are a fiNance Manager, and One of Your

question 289

Essay

Consider that you are a finance manager, and one of your junior staff wanted an explanation of the
term capital intensity ratio. Provide a definition that conveys what the term means from a finance
perspective.

Differentiate between individualism and collectivism and their impacts on social behavior and attributions.

Describe the self-serving bias and its demonstration through experimental research.

Understand the fundamental attribution error and its influence on perception of others’ behaviors.

Recognize and explain the concept of out-group homogeneity bias.

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Definitions:

Departmentalization

The method of dividing an organization into distinct departments, allowing for specialized functional areas that focus on specific tasks or duties.

Informal Communication

The exchange of information, thoughts, and messages in an unofficial, casual manner outside formal communication channels.

Centralized

The concentration of decision-making authority at the top levels of the organizational hierarchy.

Decentralized

A type of organizational structure where decision-making authority is distributed throughout various levels rather than being concentrated at the top.