1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Gnoma [55]
3 years ago
13

If a business manager decides to proceed with a course of action although the manager has information that suggests the need to

rethink the decision, the manager is being influenced by:A. anchor heuristicB. confirmation biasC. sunk cost biasD. Adjustment heuristic
Business
1 answer:
CaHeK987 [17]3 years ago
5 0

Answer:

C. sunk cost bias

Explanation:

Sunk cost bias can be better explained by a regular everyday situation: probably your mother (or sister, or aunt) bought a pair of shoes that she loves because they are gorgeous and expensive. Women have a tendency to self impose torture when it comes to gorgeous and expensive shoes, since they will insist on using them even if their feet are constantly in pain. When you ask them why they do it, they will always answer that she likes them so much and they were so expensive, that she has to wear them.

This same logic applies to stubborn managers that know that they are making a bad (or not so good decision), but since they already made a bad decision before, they will stick to their prior choice no matter what.

You might be interested in
Which of the following theories argues that organizations try to minimize their reliance on other organizations for the supply o
aleksklad [387]

Answer: The answer is C.

Explanation: The Resource dependence theory is based on the principle that organizations, must engage in transactions with other organizations in their environment in order to acquire the resources needed for their daily operations.

Although such transactions may be advantageous, they may also create dependencies that are not, and so organization A may want to rely less on organization B, in their quest to influence the environment to make resources available.

This theory actually originated in the 1970s with the publication of The External Control of Organizations: A Resource Dependence Perspective by Jeffrey Pfeffer and Gerald R. Salancik.

The theory is based on the idea that resources are vital for organisational success and that access and control over resources forms the basis of power.

4 0
3 years ago
Read 2 more answers
The ________ is the difference between merchandise imports and exports and a measure of a country's international trade in goods
Levart [38]

Answer:

balance of trade

Explanation:

Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.

Basically, trade can be categorized into two (2) main groups and these are;

I. Import: this involves bringing in goods from a foreign country to sell in a different (domestic) country.

II. Export: it involves the sales of goods produced in a domestic country to a foreign country.

In Economics, a balance of trade is a measure of the difference between merchandise imports and exports, as well as a country's international trade in goods. Thus, it's a measure of the difference between the monetary value of the import and export of goods of a country over a specific period of time.

3 0
3 years ago
Whereas marketing and financial careers have been transformed by the growth in information systems, thus far managerial position
AlladinOne [14]

Answer and Explanation:

B. False

6 0
3 years ago
What is most often the basis for racist behavior in the United States? A. ignorance about other races B. superiority of certain
Burka [1]

B. Superiority of certain races. Which often results in discrimination and prejudice towards people based on their race or ethnicity

7 0
3 years ago
Read 2 more answers
) What is the definition of business research? A) The process of analyzing secondary information and providing executives with t
Alisiya [41]

Answer:

The correct answer is option D) The process of designing, gathering, analyzing, and reporting information that may be used to solve a specific marketing problem.

Business research can help organizations to come up with solutions that can help them grow out of problems related to any section of the business. Enough data needs to be collected so the problem can be analysed properly and the solution can be figured out in a productive manner.

6 0
3 years ago
Other questions:
  • How does Wikipedia work? What is different about this operation from other encyclopedias?
    6·2 answers
  • When a bond issued at face value is retired what is the journal entry
    13·1 answer
  • A corporation has 50,000 shares of $25 par stock outstanding. If the corporation issues a 3-for-1 stock split, the number of sha
    12·1 answer
  • Jetson Spacecraft Corp. shows the following information on its 2019 income statement: sales = $214,000; costs = $91,000; other e
    15·1 answer
  • The phrase "walk the talk" means:
    14·1 answer
  • Suppose the dollar is currently worth 110 yen. Based on trade flows and inflation, if the U.S. trade deficit with Japan continue
    11·1 answer
  • Makoto Corp. prepared the following reconciliation of income per books with income per tax return for the year ended December 31
    9·1 answer
  • Your uncle offers you a choice of $112,000 in 10 years or $51,000 today. Use Appendix B as an approximate answer, but calculate
    10·1 answer
  • The type of research that compares a product or service with a competitor’s is called ?
    9·1 answer
  • A company's balance sheet shows: Cash $36,000, Accounts receivable $23,000, Office equipment $57,000, and Accounts payable $24,0
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!