Asked by
Carmen Martinez
on Oct 17, 2024Verified
_____ is a process of continuing or increasing the allocation of resources to a course of action even though a substantial amount of feedback indicates that the choice made is wrong.
A) Limited search
B) Escalating commitment
C) Availability phenomena
D) None of these
Escalating Commitment
The phenomenon where people continue to invest time, money, or effort into a failing decision, project, or course of action due to previous investments.
Allocation of Resources
The process of distributing available resources among various projects, departments, or sectors within an organization or system.
Substantial Amount
A quantity or volume considered to be of considerable size or importance.
- Acquire knowledge on how propensity for risk influences decision-making mechanisms.
Verified Answer
KH
Learning Objectives
- Acquire knowledge on how propensity for risk influences decision-making mechanisms.