Kenneth Hill Inc. claims to be an employee-centered company. It has created a system of management wherein supervisors will have a specific number of employees under them. Lately, however, this practice has led to favoritism. Managers have promoted only those employees who had similar interests as them. This resulted in a huge disparity in the income and statuses of workers and created a negative workplace environment. This type of organizational behavior is explained by .
A) functionalist theory
B) feminist theory
C) conflict theory
D) exchange theory
E) contingency theory

C) Conflict Theory

Explanation:

As Kenneth Hill Inc.claims to be an employee-centered company. It has created a system of management wherein supervisors will have a specific number of employees under them. Lately, however, this practice has led to favoritism. Managers have promoted only those employees who had similar interests as them.This resulted in a huge disparity in the income and statuses of workers and created a negative workplace environment. This type of organizational behavior is best explained by conflict theory which was presented by Karl Marx. Karl Marx explained in his conflict theory that we can have peace, justice and social order only thorough and with the help of power and authority not by conformity and consensus, otherwise people will start working for their benefits and interests as the same started happening in this specific case.

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.