Which of the following is a form of decision entrapment that leads people to do things that the facts of a situation do not justify?
A) Intuition
B) Nonprogrammed decision making
C) Satisficing
D) Bounded rationality
E) Escalating commitment

Question

Quizplus · Accepted Answer

Escalating commitment refers to a pattern where individuals or organizations continue to invest time, money, or resources into a decision based on their past investments, rather than reevaluating the decision based on the current situation. This can lead to continuing a course of action even when it is no longer justified by the facts.

Which of the Following Is a Form of Decision Entrapment