Examlex
According to path-goal theory, directive leadership should be applied where the task is complex and the employee has an external locus of control.
General Knowledge
General knowledge entails a broad range of facts, information, and understanding across various subjects and areas, typically accumulated over time through education and experience.
Anchoring Phenomenon
A concept in psychology where initial exposure to a number or value serves as a reference point and influences subsequent judgments.
Subsequent Estimates
Revisions or new calculations made after initial estimates, often based on additional data or changes in a project or situation.
Sunk Cost Effect
A bias in decision making in which already “spent” costs unduly influence decisions on whether to continue.
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