Basically, it’s the act of not meeting the required obligations of a specific loan that you are in charge of paying.
Answer:Person-organization fit
Explanation:
What is Person-Organization Fit?
Person-Organization fit (P-O fit) is a term used to refer to how an employee is compatible with their organization. This means an employee shares similar goals and values with the organization that they work for. This can determine the employee's attitude towards their work. It can also define how they perform.
Why is P-O Fit Important?
It is driven by a theory known as attraction selection attrition which state that people are always attracted to companies that have values that align well with their own values and also companies hire the same people who share similar values with them.
Attrition then takes place whenbfbe employees actual discover in practical of the company actual matches with them so that they can either leave or stay.
Answer:
Confirmation Bias
Explanation:
Confirmation bias is a deep seated tendency to prefer information that confirms our existing positions. The human understanding when it has once adopted an opinion draws all things else to support and agree with it. And though there is a greater number and weight of instances to be found not true, he either neglects, despises or rejects in order that by this great and pernicious determination the authority of its conclusions may remain inviolate. Confirmation bias is found to be important because it may lead people to hold strongly to false beliefs or give more weight to information that supports their beliefs than is warranted by evidences. This biased approach is largely unintentional and often results in ignoring inconsistent information
This is a well known psychological tendency
Answer:
cognitive dissonance theory
Explanation:
Cognitive dissonance theory was proposed by Leon Festinger in 1957 and this theory explains the relationships between cognitions. There is a tendency for an individual to see their cognition in a consistent manner such as belief, opinion. If there is found any inconsistency between behavior and attitudes(dissonance) something must change to eliminate the dissonance between attitude and behavior( dissonance). If there is happening something discrepancy between behavior and attitude then attitudes will change to accommodate the behavior.
<u>There are two factors which affect the dissonance:</u>
- Several dissonance belief, and importance to attached belief each other.
- Reduces the importance of dissonance belief.
- Change the dissonance belief that could not be inconsistent
- Add the more consistent belief that outweighs the dissonant belief.
