____ refers to the tendency of an individual or team to make or avoid decisions in which the anticipated outcomes are unknown.
A) Limited search
B) Risk propensity
C) Escalating commitment
D) None of these

Question

Quizplus · Accepted Answer

Risk propensity refers to how willing an individual or team is to take risks or make decisions in situations where the outcome is uncertain. This can vary depending on personality, experience, and other factors. Limited search refers to a situation where an individual or team does not fully explore all the available options before making a decision. Escalating commitment refers to a situation where a decision maker continues to invest resources into a decision or project despite mounting evidence that it may be failing.

____ Refers to the Tendency of an Individual or Team