Escalation of Commitment Means Investing More Money in a Project

question 226

True/False

Escalation of commitment means investing more money in a project, but only after it is clear that the project is worthwhile.

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Definitions:

Meeting

A gathering of individuals for discussion, decision-making, or some purposeful activity.

Social Environment

The immediate physical and social setting in which people live or in which something happens or develops, including the culture that the individual was educated or lives in, and the people and institutions with whom they interact.

Physical Setting

The tangible, physical environment where activities or events occur, including its layout, design, and ambient features.

Environmental Considerations

Factors that relate to the impact on the natural environment stemming from an action or policy.