Which One of the Following Best Illustrates an Error Which

question 28

Multiple Choice

Which one of the following best illustrates an error which you,as a manager,might make due to overconfidence?

• A)overestimating the best outcome expected from a project while underestimating the possibility of a less favorable outcome
• B)assuming that a new project will be profitable since similar projects in the past were successful
• C)assuming that your expectations of the future outcome from a project are more accurate than the expectations of others within your organization
• D)listening to the advice of subordinates with whom you agree while ignoring the advice of subordinates with whom you tend to disagree
• E)downplaying the cost of future failure of an existing project since the project has already paid for itself

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Definitions:

Actionable

Describes information or steps that are clear and practical enough to be implemented or acted upon.

Misrepresentation

Providing false or misleading information about a product, service, or company.

Price Discrimination

A pricing strategy where a seller charges different prices for the same product or service to different buyers, not based on costs.

Ethical Dilemma

A situation in which a difficult choice has to be made between two or more options, especially ones that are morally right but in conflict.