Ramon Opened a Combination Laundry and Dry Cleaning Establishment Three

question 17

Multiple Choice

Ramon opened a combination laundry and dry cleaning establishment three years ago that is quite successful. He has considered expanding this business by opening another location but keeps putting off that decision for fear that the second location will not be a success. Ramon is currently displaying which one of the following behavioral characteristics?

• A) Self-attribution bias
• B) Overconfidence
• C) Regret aversion
• D) House money effect
• E) Frame dependence

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Definitions:

Opportunism

The practice of taking advantage of opportunities with little regard for principles or consequences, often in a self-serving manner.

Authority Compliance Manager

A type of leader primarily focused on task completion and productivity, often at the expense of team or employee relationships.

Concerned With People

A focus or emphasis on the well-being, development, and engagement of individuals within an organization or group.

Blake And Mouton

Creators of the Managerial Grid Model, which focuses on leadership styles based on varying degrees of concern for people and production.