Which of the Following Is an Effective Way of Managing

question 14

Multiple Choice

Which of the following is an effective way of managing decisions in order to avoid escalation of commitment?

• A) Don't split the responsibility for decisions about projects.
• B) Punish people who admit to poor decisions.
• C) Don't allow graceful exits from poor decisions.
• D) Have groups rather than individuals make initial investment decisions.

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Definitions:

Performance Management System

A system that sets standards, assesses results, and plans for performance improvements.

Assesses Results

The process of evaluating or analyzing the outcomes of actions, projects, or tests.

Future Performance

The expected achievements or outcomes of an individual or organization in the upcoming period.

Multifunctional Viewpoints

Perspectives that involve considering and integrating diverse functional areas and expertise to address issues or make decisions.