Samir Authorizes the Expenditure of an Additional $200,000 for the Production

question 89

Multiple Choice

Samir authorizes the expenditure of an additional $200,000 for the production of a new product despite mounting concerns from top management that it will be unprofitable.His behaviour illustrates the phenomenon of __________.

• A)confirmation bias
• B)represenation bias
• C)anchoring bias
• D)availability bias
• E)escalation of commitment

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