___________ is the idea that poor decisions made by a firm at an earlier point in time will make certain current options viable while foreclosing its other options.
A) "The Pygmalion effect"
B) "Path dependency"
C) "Moral hazard"
D) "Ethical lapses"

Question

Quizplus · Accepted Answer

Path dependency is the idea that prior decisions made by a firm create a certain path that narrows down its current options and forecloses other possibilities. This means that poor decisions made in the past can limit the options available to a firm in the present and future.

___________ Is the Idea That Poor Decisions Made by a Firm