Which of the Following Should Decision Makers Do to Reduce

question 59

Multiple Choice

Which of the following should decision makers do to reduce the likelihood of escalation of commitment?

• A)They must view the results of previous decisions as a legacy that must be continued.
• B)They need to ask themselves what they have learned during the decision-making process that will inform future decisions.
• C)They must recognize past flawed decisions and use them to implement in the same way for new decisions.
• D)They must discourage the inclusive use of participation to overcome resistance.

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Definitions:

Market Value

The market's present selling or buying price for an asset or service.

CCA Class

Refers to the classification of tangible property under the Canadian Capital Cost Allowance for purposes of tax depreciation.

Tax Rate

The cut of income taxed from individuals and corporations.

Book Value

The net value of a company's assets minus its liabilities, often used to determine a company's financial health.