Multiple Choice
SCENARIO 12-1 You are making a decision whether to discontinue research on a new drug.This new drug would save lives,but it is uncertain whether it can be developed within a reasonable time frame and at a reasonable cost.Your firm has already spent a small fortune on this drug.You have gathered so much information in preparation for making the decision that you are unable to sort the good information from the superfluous.
-Refer to Scenario 12-1.You decide to spend more money on the project,even though you believe it to be improbable that you will succeed.You are guilty of
A) availability heuristic.
B) representative heuristic.
C) escalation of commitment.
D) satisficing.
E) ignoring the base rate.
Correct Answer:
Verified
Correct Answer:
Verified
Q46: As a practice,we should assume our most
Q47: The weaker ties between team members and
Q48: Which of the following is likely to
Q49: Group decisions are more likely to be
Q50: Which of the following conditions would probably
Q52: Which of the following questions helps determine
Q53: SCENARIO 12-1 You are making a decision
Q54: SCENARIO 12-7 Microchip technology is at the
Q55: SCENARIO 12-7 Microchip technology is at the
Q56: Liam makes a lot of decisions simply