In 1848, a Railroad Foreman Named Phineas Gage Was Injured

question 103

Essay

In 1848, a railroad foreman named Phineas Gage was injured in an explosion, when a tamping iron penetrated his skull and caused brain damage; surprisingly, he survived.The rod was 1.25" in diameter and 3.5' long.After the accident he was able to speak, get himself up and down from a cart, and climb a flight of stairs to see the local physicians.Years later, the doctors reported that he physically recovered, but the balance between his intellectual facilities and animal propensities was destroyed.He was no longer mild-mannered, kind, and respectful; he grew obstinate, ill-tempered, and showed little self-restraint.Based on this story, what area(s)of the brain (and/or systems)do you think he injured and why?

Identify conflict handling styles based on concern for self versus concern for others.

Understand the nature and dynamics of interpersonal and intergroup conflicts in organizational settings.

Identify and describe different conflict-management styles and when they are typically used.

Recognize the role of conflict in family-owned businesses and its impact on succession planning.

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Definitions:

Aging Schedule

A table that shows the breakdown of accounts receivable into categories based on the length of time they have been outstanding.

Credit Policy

A credit policy is the set of guidelines that a company follows to determine the creditworthiness of customers and the terms of credit to offer.

Cash Balances

The amount of cash or cash equivalents that a company or an individual holds.

Compensating Balances

Minimum balances that a business must maintain in its bank account as part of a borrowing arrangement with the bank.