MULTIPLE CHOICE. Choose the one alternative that best completes the statement or

Question

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the 1) refers to staying with a decision even when there is clear evidence it's wrong. 1) A) Escalation of commitment B) Availability bias C) Fundamental attribution error D) Risk aversion E) Randomness error 2) Logan is an em ployee who processes health insurance forms. Initially he was criticized by his 2) supervisor for sloppy work, but thereafter he improved considerably. Now he consistently his forms without errors and even does more than his fair share of work. However, r has not responded to the extra effort he has put in, giving him no praise or Logan's superviso monetary benefits. This leads Logan to belleve that his supervisor is biased against him. According to the expectancy theory, in this situation, there is a problem in the A) performance-achievement B) performance-reward C) rewards-personal goals D) E) 3) Which of the following statements is true regarding the rational decision-making model? 3) A) It invol B) It assumes that an individual is able to identify all relevant options in an C) It takes D) It deals with satisficing decisions by seeking solutions that are satisfactory and sufficient. E) It is an unconscious decision-making process created from distilled experience. ves constructing simplified models without capturing all their complexity. unbiased manner into consideration the limited information-processing capability of individuals. 4) refers to an individual's belief that he or she is capable of performing a task. 4) A) Reinforcement B) Emotional contagion C) Affect intensity D) Self-determination 5) Which of the following statements is true regarding goal-setting theory? 5) A) Assigned goals generate greater goal commitment in low rather than high power-distance cultures. B) Goal commitment is more likely when individuals have an external locus of control. C) Externally generated feedback is more powerful than self-generated feedback D) Generalized goals produce a higher level of output than specific goals. E) People do better when they get feedback on how well they are progressing toward their goals

Explanation / Answer

1) Correct Answer - A

Escalation of commitment is the behavior in which a group or individual continues to invest resources, time and commitment to failing cause, instead of altering the course. For example - A person who is running a business, has seen his sale plummeting, loans increasing and no signs of revival for a long time, keeps investing in the business more, instead of just shutting it down and minimize loses.

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