Which One of the Following Best Illustrates an Error Which

question 14

Multiple Choice

Which one of the following best illustrates an error which you, as a manager, might make due to overconfidence?

• A) Overestimating the best outcome expected from a project while underestimating the possibility of a less favorable outcome.
• B) Assuming that a new project will be profitable since similar projects in the past were successful.
• C) Assuming that your expectations of the future outcome from a project are more accurate than the expectations of others within your organization.
• D) Listening to the advice of subordinates with whom you agree while ignoring the advice of subordinates with whom you tend to disagree.
• E) Downplaying the cost of future failure of an existing project since the project has already paid for itself.

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Definitions:

Owned

The state of having legal rights to possess, use, and control a property or asset.

Reserve Army

Reserve army typically refers to a body of trained citizens held in readiness as a military force to be called upon in specific circumstances, but in Marxist theory, it also denotes the surplus labor available for capital exploitation.

Unemployed

Individuals who are without a job and actively seeking work.

Coined

Typically used to describe the creation of a new word or phrase, or the act of making coins.