By Applying a Decision-Making Process That Was Successful in the Past,Larry

question 61

Multiple Choice

By applying a decision-making process that was successful in the past,Larry decided to acquire a new business.This business has started to incur significant losses.Despite this,Larry refuses to admit the incompatibility of his decision-making process with every premise and persists with it.In this scenario,which of the following is evident?

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

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Definitions:

Recognition

The cognitive process of identifying previously encountered information, objects, or situations.

Implicit Memory

A type of memory that allows individuals to perform tasks without conscious awareness of these previous experiences, such as riding a bike.

Implicit Memory

a type of long-term memory that enables people to perform tasks without conscious awareness of these previous experiences.

Information-Processing Model

A cognitive approach that uses the metaphor of a computer to describe how the human mind manages information through various processes including encoding, storage, and retrieval.