Select the correct answer from the drop-down menu.
Which characteristic of an individual can one compare with organizational culture? An individual’s is comparable to an organization’s culture.
1. Ethnicity
2. Personality
3. Nationality

The correct answer is option 1. Ethnicity

Explanation:

Ethnicity is part of culture. A culture is the values, norms and traditions that upholds an organization and defines it.

An individual and an organization can be compared in terms of their ethnicity. Each organization has a culture which is followed by every employee. It also defines how that organization runs.

Similarly an individual has his own set of cultural values that defines him as an individual ans stays with him.

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

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