Establishing a preset level at which the decision is abandoned or reevaluated is recommended mainly to:
A)minimize reliance on an implicit favorite.
B)avoid relying on mental models to recognize problems or opportunities.
C)minimize escalation of commitment.
D)minimize problem identification.
E)reduce the incidence of satisficing.

Question

Quizplus · Accepted Answer

One of the strategies to minimize escalation of commitment is to publicly establish a preset level at which the decision is abandoned or reevaluated.This is similar to a stop-loss order in the stock market, whereby the stock is sold if it falls below a certain price.

Establishing a Preset Level at Which the Decision Is Abandoned