23. The steps in stakeholder planning include all but which of the following? A)

Question

23.The steps in stakeholder planning include all but which of the following?

A)Arrange functions that keep stakeholders involved in the firm.

B) Fill in names of key stakeholders.

C) Plan the approach to stakeholder management.

D)Think through what you want from each stakeholder.

24.Decision-making bias under which people are willing to commit additional resources to a failing course of action is called ________.

A) illusion of control

B)self-serving fairness bias

C) illusion of optimism

D) escalation of commitment

25.Relying on a conventional conception of another group based on some common characteristic is called ________.

A)stereotyping

B) cultural bias

C) ethnocentrism

D) racial bias

Explanation / Answer

23) A

Arranging functions is never part of the planning process - it might show up during exdecution. All the other listed options are integral to the planning process.

24) C

When people are optimistic, they tend to throw good money behind a failing cause. Hence, this is an illusion of optimism.

25) A

Relying on conventional concept of another group based on a common characteristic is stereotyping.

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