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

question 144

Multiple Choice

Ludo 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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Definitions:

Sign Language

A form of communication using visual gestures and signs, primarily utilized by the deaf and hard of hearing communities.

Deaf Children

Individuals who are unable to hear or have significant hearing loss from birth or early childhood.

Linguistic Determinism

The hypothesis that language limits and determines human thought patterns and knowledge.

Conceptual Distinctions

The differentiation made between concepts or categories based on inherent characteristics or theoretical criteria.