What Are the Three Reasons Managers May Hang on to a Losing

question 22

Multiple Choice

What are the three reasons managers may hang on to a losing course of action or escalate their commitment?

• A) external locus of control,overly optimistic,and cognitive dissonance
• B) cognitive dissonance,overly optimistic,and illusion of control
• C) internal locus of control,cognitive dissonance,and illusion of control
• D) internal locus of control,cognitive dissonance,and overly optimistic

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Definitions:

Consideration

Something of value exchanged between parties as part of a contract.

Adequacy of Consideration

A legal concept referring to the fairness of the value exchanged in a contract, ensuring each party receives something of comparable worth.

Rare Coins

Unique and uncommon coins that are sought after by collectors due to their historical, numismatic, or investment value.

Preexisting Duty Rule

A legal principle stating that performing a duty one is already legally obligated to perform does not constitute valid consideration for a new contract.