In many cases, managers engage in escalation of commitment in order to show that their initial decision was correct even though they did not get the outcome they expected.
Correct Answer:
Verified
Q40: A decision is a discrepancy between an
Q144: The decision- making model assumes individuals differ
Q145: Escalation of commitment is the tendency for
Q146: When managers assign probabilities to outcomes that
Q147: Mavis Barton Enterprises is in the process
Q148: An assumption of rational decision- making is
Q150: The decision- making process begins with identification
Q151: Herbert Simon found that decision makers will
Q153: Groupthink explains why groups make more accurate
Q154: The manager who mistakenly solves the wrong
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents