Escalation of commitment refers to:

Type: MCQ • Marks: 1

A. Abandoning an unsuccessful project immediately

B. Delegating a decision

C. Continuing to invest in a failing course of action because of previous commitments

D. Using multiple alternatives

Explanation

Decision-makers may continue an unsuccessful project because they have already invested time, money or reputation in it.

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UPSC Principal & Vice Principal Management Finance Administration

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