Multiple Choice
Tim is the production manager at a steel factory. One of the steel processing machines in the factory has broken down and has to be replaced. Tim decides to buy a new machine from a company that he has read reviews of in industry magazines, even though there are other companies offering a discount on machines with better functionality. This is an example of how managers are constrained by _____.
A) bounded rationality
B) escalation of commitment
C) risk propensity
D) groupthink
E) political forces
Correct Answer:
Verified
Correct Answer:
Verified
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