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16. Which of the following occurs when the individual is hesitant to reject a biased proposal from, someone else? a. The halo effect b. Selective perception c. Plausible deniability d. Escalation of commitment 24. a. Level of industry concentration b. Environmental hostility c.Environmental dynamism d. Level of environmental heterogeneity refers to the competitive environment of the industry 28. Which of the following statements is false? a. As the top level managers get older they are less likely to take risks and are not as concerned about short term gratification. b. As the level of experience of the top level managers increase, the likelihood of the top level managers committing fraud increases. c. The higher the level of formal education of the top level executive, the higher the level of moral development by the executive. he higher the level of self-control, the lower the likelihood that the executive will commit unethical behavior. d. T 48. Under the cookie jar system, management will build up financial reserves in profitable years and release the financial reserves into the financial statements during unprofitable years. a True b. False