We Want to Understand Why People Behave as They Do

question 43

Essay

We want to understand why people behave as they do.One method we use is to draw inferences about their reasons.Attribution is the set of thought processes we use to assign causes to our own behavior and that of others.Define internal attribution and external attribution.Describe the three types of information that Harold Kelley proposed we rely on when deciding whether to make an internal or external attribution for behavior.

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Definitions:

Working Capital

The difference between a company's current assets and current liabilities, indicating its short-term liquidity.

Current Ratio

A financial metric that assesses a company's capacity to cover its obligations due within a year by dividing its current assets by its current liabilities.

Quick Ratio

A measure of a company's ability to meet its short-term obligations using its most liquid assets, excluding inventories.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations with its current assets.