The Tendency for Decision Makers to Be Overconfident of Their

question 29

Multiple Choice

The tendency for decision makers to be overconfident of their ability to control activities and events is known as

• A) escalation of commitment.
• B) the illusion of control.
• C) intuition.
• D) groupthink.

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Definitions:

Stretch Goals

Goals that represent company-level objectives that require employees of a company to do something beyond what one might reasonably expect.

Foundations of Culture

The fundamental beliefs, values, customs, and social norms that shape and define a society.

New Directions

Indicates changes or novel approaches in strategies, projects, or methods in various contexts, often aiming for improvement or adaptation.

Patent

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