Having Committed Large Amounts of Manpower and Money to His

question 41

Multiple Choice

Having committed large amounts of manpower and money to his landscaping business,Tony continues to keep the business running even though the financial reports show the business is failing.What is the source of Tony's cognitive bias?

• A)Escalating commitment
• B)Illusion of control
• C)Prior hypothesis bias
• D)Representativeness bias
• E)Dialectical inquiry

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Definitions:

Exercise Power

The act of utilizing authority or influence over others to make decisions or enforce actions.

Organization

A structured group of people working together to achieve common goals through coordinated efforts.

Referent Power

The influence one possesses due to others' respect, admiration, or desire to identify positively with them.

Interpersonal Relationships

Connections or associations between two or more people that may be based on feelings, work, or social interactions.