Grant, a chief executive officer for more than two decades,…

Grant, a chief executive officer for more than two decades, has observed the rise of many people to positions of leadership in his company. In retrospect, he realizes that most of these people have exhibited a particular set of traits, including intelligence, ambition, a need for power, and an ability to adapt to changing circumstances. Grant’s observations are consistent with the

Barney, an admissions officer, is interviewing a college app…

Barney, an admissions officer, is interviewing a college applicant about whom he has very high positive expectations. Barney is outgoing and cheerful during the interview, spends considerable time recruiting the applicant, and asks the applicant questions that solicit positive information. As a result, Barney is pleased with the applicant’s performance and admits her to the school. This interview process demonstrates an example of

What is the following phenomenon called? An audit firm is…

What is the following phenomenon called? An audit firm issues a report stating that the going-concern assumption is not valid, which causes lenders and customers to become worried and stop lending money or doing business with the company, thereby leading to the company’s demise.