Renee made a bad decision.She stays with it,trying to convince others it was a good decision.This is an example of
A) bounded optimization.
B) escalation of commitment.
C) programmed decision making.
D) strategic maximization.
E) intuitive rationality.

Question

Quizplus · Accepted Answer

This is an example of escalation of commitment, where an individual or organization continues to invest time, money, or resources into a failing decision in an attempt to justify or salvage it. Renee is trying to convince others that her decision was a good one, even though it has proven to be a bad one. This behavior is characteristic of escalation of commitment, which can result in significant losses or negative outcomes.

Renee Made a Bad Decision