The tendency for decision makers to be overconfident of their ability to control activities and events is known as
A) escalation of commitment.
B) the illusion of control.
C) intuition.
D) groupthink.
B
Business
You might also like to view...
Contracts that are so grossly unfair that they offend the public conscience will typically not be enforced by the courts and are referred to as:
A. unconscionable contracts B. unfair defeasance contracts C. good conscience contracts D. poor judgement contracts
Business
Taxes, surcharges, or duties levied against imported goods are known as ________
A) import sanctions B) embargoes C) tariffs D) import quotas E) restrictive import standards
Business