Asked by
Dalice Gonzalez
on Nov 10, 2024Verified
When he heard that turnover was increasing, the human resource manager immediately told the president that salaries would have to be raised.Unfortunately, low pay wasn't the cause of the turnover.Which decision-making error did the manager commit?
A) He treated sunk costs improperly.
B) He defined the problem in terms of a solution.
C) He escalated commitment.
D) He exhibited the knew-it-all-along effect.
E) He revealed a confirmation bias.
Turnover
The rate at which employees leave a company and are replaced by new employees, affecting the company's performance and morale.
Decision-Making Error
Mistakes or flaws in the process of choosing between alternatives that can lead to suboptimal or harmful outcomes.
Salaries
Regular payments made to employees for their labor, typically expressed as an annual sum and paid in monthly or biweekly intervals.
- Discern the impact cognitive biases have on decision-making activities.
Verified Answer
NS
Learning Objectives
- Discern the impact cognitive biases have on decision-making activities.