________ is the tendency of decision makers to invest additional time, money, or effort into bad decisions or unproductive courses of action that are already draining an organization's resources.
A) Retrenchment
B) Staying the course
C) Escalation of commitment
D) Elevation of capitalization

Question

Quizplus · Accepted Answer

Escalation of commitment refers to the tendency of decision makers to continue investing resources into a failing course of action, rather than cutting their losses and changing direction. This can occur due to factors such as sunk costs (the idea that because a lot has already been invested, more should continue to be invested to justify the initial investment), fear of failure or loss of face, or a general reluctance to admit that a decision was wrong. This can lead to significant wasted resources and negative outcomes for the organization.

________ Is the Tendency of Decision Makers to Invest Additional