Small mistakes are the stepping stones to large failures. How might this saying apply to this lesson, and do you agree?
In your responses, provide an example of a real-life seemingly small mistake with large consequences. By real-life, I mean a situation that actually happened, not a theoretical one.
Please use the below book for the reference.
Managerial Economics 8th Edition. John Wiley & Sons, Inc.
William F. Samuelson & Stephen G. Marks. (2015).
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Samuelson and Marks refer to marginal analysis as the process that involves small changes integrated into decision-making and later analyzed to determine whether the said changes make any difference (Samuelson, 2015). These minor modifications mostly appear as harmless. However, most missteps breed further complications when the parties do not correct these mistakes. While working as a maintenance aircraft technician, my job involved working in noisy environments that featured loud engines all through these processes. In that connection, the management always advised us to…
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