The Illusion of Control Causes Managers to Overestimate the Odds

question 61

True/False

The illusion of control causes managers to overestimate the odds of a favorable outcome and, consequently, to make inappropriate decisions.

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Definitions:

Facilitate Creativity

The process of making it easier or more likely for creative thoughts and ideas to emerge.

Supportive Behaviors

Actions that provide assistance, encouragement, and fostering a positive environment, often to enhance someone's well-being or performance.

Successful Career Path

The achievement of personal and professional goals over time through job advancements, skill development, and accomplishing significant milestones in one’s profession.

Creative Thinking Skills

The ability to think in novel and unconventional ways to find solutions to problems or create new ideas.