You Are Part of Making a Decision About the Appropriateness

question 45

Multiple Choice

You are part of making a decision about the appropriateness of discontinuing research on a new drug.This new drug would save lives,but it is uncertain whether you can develop it within a reasonable time frame and at a reasonable cost.Your firm has already spent a small fortune on researching this d rug.You have gathered so much information in preparation to making the decision that you are unable to sort the good information from the superfluous. You decide to spend more money on the project because you believe you might be viewed as responsible if the project failed.You are guilty of:

• A)satisficing.
• B)availability heuristic.
• C)representative heuristic.
• D)escalation of commitment.

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Definitions:

Interpersonal Commitment

A psychological and emotional agreement between individuals to support and be loyal to one another.

Individualists

People who prioritize personal goals and independence over group objectives, often valuing individual freedom and self-expression.

Team Spirit

The feelings of camaraderie, enthusiasm, and dedication shared among members of a team toward achieving common goals.

Creativity

is the ability to produce original and valuable ideas or solutions by thinking beyond traditional frameworks and exploring novel possibilities.