Which of the following best represents the three reasons why managers may hang on to a losing course of action or escalate their commitment?
A)internal locus of control, cognitive dissonance, and overly optimistic
B)cognitive dissonance, overly optimistic, and illusion of control
C)external locus of control, overly optimistic, and cognitive dissonance
D)internal locus of control, cognitive dissonance, and illusion of control

Question

Quizplus · Accepted Answer

The three reasons why managers may hang on to a losing course of action or escalate their commitment are cognitive dissonance (a discomfort caused by holding two conflicting beliefs at the same time), being overly optimistic about the success of their course of action, and having an illusion of control (believing they have more control over the outcome than they actually do). Option B represents all three reasons.

Which of the Following Best Represents the Three Reasons Why