The Decision Was Made by BP and Halliburton Executives Regarding

question 46

Multiple Choice

The decision was made by BP and Halliburton executives regarding not taking action with the oil well blowout preventer that experts believe would have prevented the Deepwater Horizon oil rig explosion and fire off the coast of Louisiana,since company management believed that there would be no great negative consequences as a result of their decision.This is an example of ___.

• A)satisficing
• B)panic
• C)the curse of knowledge
• D)relaxed avoidance
• E)relaxed change

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Definitions:

Quinney's Social Reality Theory

A criminological theory suggesting that the definition of crime is created by those in power, reflecting and reinforcing existing social inequalities.

Capitalist Society

An economic system where trade, industry, and the means of production are largely or entirely controlled by private owners with the goal of making profits.

Conflict Approach

A theoretical perspective that interprets social life as a competition between groups for power and resources, emphasizing societal inequalities.

Economic Conflict

Disputes or competitions over resources, wealth, or the control of economic policies and institutions.