______ help explain why those near the end of a project are more likely to spend additional funds to finish it.
A) Money pit theory
B) Sunk costs
C) Sinking ship
D) Money balancing

Question

Quizplus · Accepted Answer

This phenomenon is known as the sunk cost fallacy. Near the end of a project, individuals may have already invested a significant amount of time and resources, and may feel compelled to justify their investment by seeing the project through to completion, even if additional funds are needed. This is based on the belief that the resources already invested are "sunk costs" that cannot be recovered, so any additional investment is justified in order to reach the end goal.

______ Help Explain Why Those near the End of a Project