The _______ Is the Tendency for People to Persist in Failing

question 119

Multiple Choice

The _______ is the tendency for people to persist in failing investments to avert loss, which causes losses to mount.

• A) endowment effect
• B) escalation effect
• C) sunk cost principle
• D) expectancy theory

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Definitions:

Managerial Skills

Competencies and abilities required for effective planning, organization, leadership, and control in a managerial role.

Conceptual Skills

The ability to understand complex situations and problems, allowing for effective planning, problem-solving, and decision-making.

Roughly Equal Mix

A phrase describing a situation, composition, or distribution where elements or participants are approximately balanced or evenly divided in proportions.

Interpersonal Skills

These are the skills used by a person to interact effectively with others, including communication, listening, empathy, and conflict resolution abilities.