Question: Multiple Choice Question The bias is demonstrated when managers add up all the money already spent on a project and conclude it is too costly

Multiple Choice Question
The
bias is demonstrated when managers add up all the money already spent on a project and conclude it is too costly to simply abandon it.
anchoring
representativeness
sunk-cost
confirmation
 Multiple Choice Question The bias is demonstrated when managers add up

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!