Ratios Are Not Considered as Important to Non-Accounting Functional Areas

question 10

True/False

Ratios are not considered as important to non-accounting functional areas of a business such as marketing, head of production and human resources.

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Definitions:

Cultural Group

describes a collection of individuals who share common cultural characteristics, such as language, traditions, and values.

Fundamental Attribution Error

Bias in attributing another’s behaviour more to internal than to situational causes.

Correspondence Bias

A general attribution bias in which people have an inflated tendency to see behaviour as reflecting (corresponding to) stable underlying personality attributes.

Personality Attributes

The traits, characteristics, and behaviors that make up an individual's unique personality.