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MichaelTran MichaelTran
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7 years ago
Tom knows that the title insurance company made a mistake on his property title. Because of their mistake, his neighbor now has access to an easement road through his back 25 acres. He can't use the acreage for pasture, because his neighbor insists that the gates remain open. The title company has offered a $40,000 settlement. Tom has decided to take the settlement rather than possibly lose in court if he were to sue the title company for more money. Tom's decision is based on ________.
A) escalation of commitment
B) risk aversion
C) availability bias
D) randomness error
E) hindsight bias
Textbook 
Organizational Behavior

Organizational Behavior


Edition: 14th
Authors:
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- UOIT Student
- Organizational Behavior
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Melinda98Melinda98
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MichaelTran Author
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#2
7 years ago
Thanks!
- UOIT Student
- Organizational Behavior
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