To Manage a Business Effectively, an Owner or Manager Would

question 46

True/False

To manage a business effectively, an owner or manager would benefit greatly from having some knowledge of accounting.

---

Definitions:

Fundamental Attribution Error

A cognitive bias in which people tend to attribute others' behaviors to their personality or character, rather than to external factors.

Power Tactics

Strategies or methods used by individuals or groups to exert influence or control over others to gain authority or power.

Milgram

Refers to Stanley Milgram, a psychologist known for his groundbreaking research on obedience, demonstrating that people are willing to obey authority figures to the extent of causing harm to others.

Agentic State

A psychological state in which an individual sees themselves as an agent executing the orders of an authority, often used to explain obedience to authority.