In dave's steel manufacturing co., new employees go through a short orientation process after their induction. during this process, they are told about the organization and its history, values, jargon, culture, and procedures. they are then introduced to their work group, the specific people they would work with, informed about their own role in the organization, the skills needed to do their job, and both formal procedures and informal norms

The orientation process in which new employees are introduced to their work group, are informed about their own role in the organization, the skills needed to do their job,the formal procedures and informal norms is an example of organizational socialization. This learning and adjustment process helps new employee to adapt to an organizational culture.

credit history is used by lenders to determine whether you are a 'risky' person to give their money to.

having a short history provide very little data for the lenders. they wouldn't be able to determine your credit behavior from such a small samples. even if they are perfect.

having long credit history with few blemishes provide larger and more accurate data for the lenders to predict your credit behavior.