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

Understand how the after-tax cost of debt influences leasing versus buying decisions.

Identify key terminology and concepts in lease accounting, including sale and leaseback, leveraged leases, and the distinction between operating and financial leases.

Understand the principles behind cognitive dissonance and self-perception theories and how they explain attitude and behavior changes.

Comprehend the concept and effects of self-fulfilling prophecy within social contexts.

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Definitions:

Intelligence Test

A standardized assessment designed to measure cognitive abilities, including reasoning, problem-solving, and understanding, to derive an intelligence quotient (IQ).

Simon and Binet

Alfred Binet and Theodore Simon, French psychologists who developed the first intelligence test in the early 20th century to identify students needing special education.

Mental Age

A measure of an individual's mental proficiency expressed in terms of the average age at which a normal individual reaches the same level of proficiency.

IQ

A measure of an individual's intellectual abilities in relation to others, often calculated through standardized tests.