Which of the Following Is Probably an Example of the Irrational

question 60

Multiple Choice

Which of the following is probably an example of the irrational treatment of sunk costs?

• A)Jim studied the computer output for two hours before the big meeting, but he couldn't use the information.Before the next meeting he studied the output for four hours.
• B)Mary obtained much more information than she needed in order to make a decision on the leasing arrangement.
• C)Janine had her travel agent book two flights for her to New York so that she was certain not to miss the big meeting.
• D)The pilot feared landing on the remote airstrip because there had been an accident there the day before.
• E)The company president decided to cancel the expansion project even though construction work had already begun.

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Definitions:

Hypovolemia

A medical condition characterized by a decrease in the volume of blood plasma in the body, leading to potential circulatory shock.

Lactated Ringer's

A solution used in intravenous therapy to restore fluid and electrolyte balance in patients.

Peripheral IV Line

A medical device inserted into a peripheral vein, typically in the arm, to administer fluids, medications, or for blood drawing.

Infiltrated

The act of surreptitiously entering or becoming a part of an organization or place with a deceitful purpose.