Rearrange the Deck Chairs on the Titanic

What does the idiom “Rearrange the Deck Chairs on the Titanic” mean?

Definition:

Taking superficial actions while ignoring a much larger and perhaps fatal problem

For example:

“Why are we worrying about the price of office supplies? We could be bankrupt in three months! We’re just rearranging deck chairs on the Titanic.”

Notes:

The Titanic was a passenger ship that sank when it hit an iceberg.

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