Attribution Theory Suggests That When We Observe an Individual's Behaviour

question 54

Multiple Choice

Attribution theory suggests that when we observe an individual's behaviour, we attempt to determine whether it was internally or externally caused. That determination, however, depends largely on three factors. Which of the following is one of these three factors?

• A) stereotyping
• B) consistency
• C) anchoring
• D) rationality
• E) intuition

Identify the key factors that motivate individuals to start their own business.

Distinguish between managerial knowledge and entrepreneurial spirit.

Evaluate the role of research in starting a business in a new country.

Comprehend the significance of having a vision for long-term opportunities when immigrating for business purposes.

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Definitions:

Patents

Legal documents granting inventors exclusive rights to their inventions for a certain period, preventing others from making, using, or selling the invention without permission.

Government Franchising

A method whereby the government grants a private entity the right to operate a public service or business within a certain territory or function.

Essential Resource

A resource considered vital for the survival of an economy or the operation of a business.

Long Run

A period in economics sufficient for all markets to adjust, including production levels, prices, and resource allocation, often contrasted with the short run where some factors are fixed.