Examlex
The successor to the business owner needs to have both technical ability-knowledge of the business and financial ability-and understanding of the financial aspects of the business for the transition to succeed.
Fundamental Attribution Error
The tendency to overestimate the effect of personality or disposition and underestimate the influence of situational factors when explaining others' behaviors.
External Situation
Circumstances or factors outside oneself that influence one’s behavior and actions, often beyond one's control.
Inner Traits
Inherent characteristics or qualities that contribute to an individual's personality and behavior.
Social Comparison
The process of evaluating one's abilities, achievements, and attributes by comparing oneself to others.
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