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Two separate groups of managers are given a problem to solve, and then each group presents its proposed solution to top management in an attempt to determine the best course of action.This process is called
Preset Level
A predetermined or established level or standard that needs to be achieved or which serves as a benchmark for performance or operation.
Implicit Favorite
An unspoken preference or bias towards a particular option or choice in decision-making processes.
Escalation of Commitment
A psychological process whereby an individual continues to support a failing course of action due to cognitive biases, loss aversion, and sunk costs.
Decision-making Skills
The ability to evaluate information, consider alternatives, and choose the most appropriate course of action.
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