Escalation of Commitment

question 52

Multiple Choice

Escalation of commitment

• A)involves committing more and more resources to a failing course of action.
• B)illustrates how decision makers often ignore sunk costs.
• C)only occurs when the decision maker is responsible for beginning a course of action.
• D)runs counter to the general tendency for decision makers to try to justify their actions.
• E)is the most common outcome of information overload.

---

Definitions:

McKinley's Victory

Refers to the election win of William McKinley in the 1896 United States presidential election, which was significant for its emphasis on economic issues.

Pullman Strike

A nationwide railroad strike in the United States in 1894, triggered by wage reductions at the Pullman Company and leading to a significant labor conflict.

National Rail Service

A network of trains operated by one or more companies, providing nationwide train transportation in a specific country.

Eugene V. Debs

An American socialist, political activist, and trade unionist, known for his role in founding the Industrial Workers of the World and for running unsuccessfully for U.S. president five times as a candidate of the Socialist Party.