How can you effectively manage decisions in order to avoid escalation of commitment?
A) Don't have individuals making initial investment decisions.
B) Don't reward people who admit to poor decisions.
C) Don't allow graceful exits from poor decisions.
D) Don't split the responsibility for decisions about projects.

Question

Quizplus · Accepted Answer

Having a group or team make initial investment decisions can help avoid personal biases and reduce the likelihood of escalation of commitment, as it distributes responsibility and encourages diverse perspectives.

How Can You Effectively Manage Decisions in Order to Avoid