Multiple Choice
Manuwer's firm won a bid on a small programming project for $26,000. The client recently changed the project specifications, and when Manuwer explained that the new work could not be included in the price of the original bid because it involves completely changing the already written code, the client got angry and said, "I'm only asking you to add one thing! You're charging me $30,000 and you can't do this one thing?" Manuwer's client is engaging in ________.
A) overconfidence bias
B) confirmation bias
C) anchoring bias
D) availability bias
E) escalation commitment
Correct Answer:

Verified
Correct Answer:
Verified
Q1: What is the first step in the
Q14: The concept of bounded rationality assumes that
Q15: Intuitive decision analysis must operate independently of
Q16: Utilitarianism dominates business decision making.
Q17: Who is most likely to engage in
Q19: What term is used for the tendency
Q20: What does consensus refer to in attribution
Q21: Which of the following terms involves making
Q22: Tom knows that the title insurance company
Q23: Which of the following is not a