Well After You Have Started Trying to Make a Decision

question 51

Multiple Choice

Well after you have started trying to make a decision, new information comes to light that implies that the drug may be able to be synthesized much more cheaply than was previously thought.
-The group decides to continue the project so that all the resources already spent on it will not have been wasted. In this case the group has done which of the following?

• A) made an escalation of commitment
• B) used the anchoring bias
• C) used the availability bias
• D) made the ultimate attribution error
• E) satisficed

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Definitions:

Corporate Code

A set of guidelines, ethics, or rules that govern the conduct, operations, and culture within a corporation.

Ethics Policies

Refers to the guidelines and principles that govern the moral and ethical decisions and actions of an organization.

Workplace Issues

Challenges or problems that occur within the workplace, ranging from interpersonal conflicts to organizational structure problems.

High Context Culture

A culture in which communication is largely implicit, relying heavily on context, nonverbal cues, and the relationships between speakers rather than explicit words.