Match the following:
-Escalation of Commitment
A)A simple decision rule.
B)An inclination to choose options displaying minimal risk.
C)A decisional situation where options have probabilities of success.
D)Delegating and giving employees authority to make decisions.
E)A situation where a person continues to follow/implement an option even though its chances of success are minimal and possibly declining.

Question

Quizplus · Accepted Answer

Escalation of commitment refers to the phenomenon where individuals or organizations continue to invest time, money, or effort into a decision or project that is failing, rather than altering course. This is often due to a desire to not appear inconsistent, to justify previous investments, or due to optimism bias.

Match the Following: -Escalation of Commitment