Ulrich Bought an Investment Property That He Intended to Rent

question 29

Multiple Choice

Ulrich bought an investment property that he intended to rent to tourists on the beach.After six months,he had had only one rental for far less than the cost he had hoped to charge.His wife encouraged him to sell the home,but he insisted that it will be profitable if they don't give up and keep trying to rent it.Ulrich's unwillingness to sell the home and cut his losses is an example of the______________effect.

• A)escalation
• B)persistence
• C)endowment
• D)sunk cost

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Definitions:

Providers

Entities or individuals that offer a range of services or goods to consumers or other businesses.

Medications

Substances used to diagnose, treat, cure, or prevent disease and relieve symptoms in humans or animals.

Primary Care Service

Healthcare services that provide patients with their first point of contact in the healthcare system, addressing a wide range of health concerns.

Childhood Immunizations

Vaccinations given to children to protect them against serious and potentially fatal infectious diseases.