BP and Halliburton Executives Made the Decision Not to Invest

question 66

Multiple Choice

BP and Halliburton executives made the decision not to invest in the oil well blowout preventer that experts believe would have prevented the Deepwater Horizon oil rig explosion and fire off the coast of Louisiana.The executives made their decision based on their belief that their decision would have no great negative consequences.Their decision is an example of

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

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Definitions:

Opportunity To Change

The possibility or potential for modification, transformation or transitioning from one state or condition to another.

Motivation

The internal drive or external incentive that stimulates an individual to act towards achieving a goal.

Capability

The ability or qualities necessary to do something effectively.

Opportunity

A set of circumstances that makes it possible to do something or achieve a specific outcome.