Escalation of Commitment Is a Cognitive Bias That Is Reinforced

question 14

Multiple Choice

Escalation of commitment is a cognitive bias that is reinforced by which approach to decision- making?

• A)Unstructured
• B)Incrementalist
• C)Rational
• D)Garbage can

Recognize the role of cognitive dissonance and its mechanisms in decision-making and belief changes.

Identify the impact of self-esteem, both state and trait, on psychological well-being.

Explain the significance of self-presentation and social roles in interpersonal interactions.

Understand the role of effort and external justification in influencing attitudes and behavior.

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Definitions:

Technological Synergy

The heightened effectiveness or efficiency achieved when various technological systems operate together in coordination.

Profitable New Markets

Emerging or unexplored market segments that offer the potential for significant financial returns.

Totally New Products

Products that are innovative and provide unique benefits or serve new markets, distinct from upgrades or revisions of existing offerings.

Porter's Model

A strategic tool developed by Michael Porter to analyze the competitive environment of an industry, including forces such as competition intensity, potential entrants, substitution threats, bargaining power of suppliers, and customers.