Escalation of commitment involves throwing good money after bad.

Name: Escalation of commitment involves throwing good money after bad.
Brand: Quizplus
Rating: 4.8 (32 reviews)

Question

Quizplus · Accepted Answer

Escalation of commitment refers to a situation where an individual or organization continues to invest resources (such as time, money, or effort) into a failing project or decision, in the hope of recovering their initial investment. This can result in throwing good money after bad, as additional resources are devoted to a project that is unlikely to succeed.

Escalation of Commitment Involves Throwing Good Money After Bad