Talia,a Project Manager,estimates That a Project Will Take a Year

question 45

Multiple Choice

Talia,a project manager,estimates that a project will take a year to complete.She gets the estimation approved,although it increases the cost of the project.However,the project takes only 8 months to complete.In the context of self-knowledge,this scenario exemplifies the concept of ________.

• A)the illusion of transparency
• B)the planning fallacy
• C)the dual attitude system
• D)the spotlight effect

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Definitions:

Cash Expenses

Cash expenses are expenditures that a business or individual pays out in cash during a specified period, as opposed to non-cash expenses such as depreciation.

Planetary Gearset

A planetary gearset is a compact and efficient gear system used in transmissions, consisting of one central "sun" gear, multiple "planet" gears that orbit the sun gear, and a "ring" gear encompassing the planet gears.

Carrier

The center component of a planetary gearset; a disc to which the planetary pinions are attached.