When GM Continued with a Cost Cutting Strategy That Streamlined

question 122

Multiple Choice

When GM continued with a cost cutting strategy that streamlined their operations and focused on SUVs and trucks while losing 82 billion dollars they most likely reflected:

• A)the representative heuristic
• B)escalating commitment
• C)entrapment
• D)the gambler's fallacy

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Definitions:

Legal Costs

Expenses incurred in the process of legal action or in providing legal services, including lawyer fees and court costs.

Gender Diversity

The equitable representation and inclusion of various genders within a workplace or organization, aiming for a balanced distribution across all levels and roles.

Inclusion

The practice of ensuring that all individuals, regardless of their differences, have equal access to opportunities and resources within an organization or society.

Flexible Working Conditions

Employment terms that allow workers flexibility in how, when, and where they work, often aiming to balance work and personal life.