In a Performance Review,a Manager States That He Has a Simple

question 53

Essay

In a performance review,a manager states that he has a simple way of dealing with cognitive dissonance: If two facts or ideas conflict,one of them must be wrong.So he simply eliminates the "wrong" one and thereby eliminates the conflict.How would you evaluate this approach?

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Definitions:

Inferior Good

A type of good for which demand decreases as the income of consumers increases, inversely related to the economic well-being of consumers.

College Tuition

The fee that students pay to attend a college or university, covering costs such as instruction, facilities, and sometimes room and board.

Supply

The total amount of a specific good or service that is available to consumers at a given price level and time.

Elastic

Describing a situation where the demand or supply for a good or service is sensitive to changes in price.