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When Managers Know the Possible Outcomes of a Decision and Can

question 101

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When managers know the possible outcomes of a decision and can assign probabilities to each of these outcomes in terms of their likelihood of occurrence in the future,this is known as:


Definitions:

Narcissism

A personality trait characterized by an inflated sense of one's importance, a deep need for excessive attention and admiration, and a lack of empathy for others.

Positive Self-esteem

The feeling of holding oneself in high regard, characterized by confidence and satisfaction in one's own abilities and worth.

Defensive Self-esteem

A form of self-esteem that is fragile and dependent on external validation or success.

Self-serving Bias

The common tendency to attribute one's successes to personal characteristics and failures to external factors.

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