Ivan Spoke Out in a Meeting in Favor of a Potential

question 67

Multiple Choice

Ivan spoke out in a meeting in favor of a potential cost savings that would result from a new employee benefits program offered by the company. He later received information that showed that his initial decision about the cost savings was incorrect, but he was too embarrassed to publicly admit he was wrong, so he is sticking by his original statement. Ivan is experiencing

• A)satisficing.
• B)escalation of commitment.
• C)bounded rationality.
• D)poor use of rational making process.

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Definitions:

Chyme

The semi-fluid mass of partly digested food that is passed from the stomach to the small intestine for further digestion.

Small Intestine

The part of the digestive tract that absorbs nutrients and minerals from food, extending from the stomach to the large intestine.

Abdominal Wall

The layer of muscles and tissue that forms the boundary of the abdomen, providing structural support and protection for abdominal organs.

Sigmoidoscopy

A medical examination method employing a flexible tube with a light and camera to view the interior of the sigmoid colon and rectum.