Which of the Following Occurs When a Decision Maker Perseveres

question 37

Multiple Choice

Which of the following occurs when a decision maker perseveres with the implementation of a poor decision despite evidence that it is not working?

• A)Progress trap
• B)Information overload
• C)Escalation of commitment
• D)Evidential reasoning

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Definitions:

Unreliable Processes

Procedures or systems that fail to consistently perform to their designed specifications or standards, leading to errors, defects, or inefficiencies.

Lean Manufacturing

The use of lean principles to accomplish high quality, low cost, fast response, and immediate availability in a manufacturing setting. Also called just-in-time (JIT) processing.

Unnecessary Waste

Refers to materials or resources that are excessively consumed or not utilized efficiently, leading to avoidable loss or expense.

Inventory

Merchandise on hand (not sold) at the end of an accounting period.