You Wait in Line for Over an Hour to Buy

question 35

True/False

You wait in line for over an hour to buy a movie ticket for the late show. You then learn there is a strong, unpleasant odor in the theatre and that the movie is long and bad. According to the sunk cost effect, you will cut your losses (the money you spent on the ticket) and avoid the movie.

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Definitions:

Organization's History

The record of significant events, decisions, and changes that have shaped an organization's development and culture over time.

Objective View

An unbiased perspective that is not influenced by personal feelings, interpretations, or prejudice.

Managing Resistance

The process of addressing and mitigating opposition or reluctance from individuals or groups within an organization towards change initiatives.

Participation

Involvement of individuals or groups in decision-making processes within an organization to improve commitment and outcomes.