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If You Make a Decision That Does Not Turn Out

question 80

Multiple Choice

If you make a decision that does not turn out as planned Warren Buffet advises,"When you find yourself in a hole,stop digging." What behavioral influence on decision making does this advice attempt to prevent?


Definitions:

Discharges

Refers to the legal process by which a debtor is released from liability for certain debts, effectively wiping them out.

Promises of Performance

Commitments made by one party to carry out specific actions or tasks, usually within the context of a contract.

Conditioned

A term describing something that has been altered or affected by a specific condition or set of conditions.

Condition

A possible future event, the occurrence or non-occurrence of which will trigger the performance of a legal obligation or terminate an existing obligation under a contract.

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