If managers believe that their abilities can reduce the risks inherent in decision making to a much greater extent that they actually can, they might demonstrate ________ and trust only their own judgment rather than conduct sufficient analysis.
A. reasoning by analogy
B. managerial conceit
C. agency problems
D. escalation of commitment
Answer: B
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Which of the following refers to the process of dividing a market into distinct groups of buyers with different needs, characteristics, or behaviors?
A) market diversification B) market segmentation C) downsizing D) customer relationship management E) prospecting
Delivery of inputs to storage facilities prior to their use ______.
A. can contribute to increased potential for damage to inputs B. is an example of mura C. reduces cost of production D. can contribute to overproduction
A party is considered a merchant if that party holds herself out as having special knowledge of
the goods involved in the transaction, even if she does not regularly deal in the goods. Indicate whether the statement is true or false
Which of the following can be considered a business?
A. Albertos, a state-funded firm that specializes in providing free consultations for at-risk teens B. Mender, a private charity organization that donates clothes and notebooks to orphans C. Davent, an online shopping portal that offers discounted prices on clothes D. Javonson, a federal agency that establishes and enforces environmental regulations