Excessive Optimism Is One of the Reasons for Escalation of Commitment

question 102

True/False

Excessive optimism is one of the reasons for escalation of commitment.

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Definitions:

Divisionalized Form

A type of organizational structure that groups divisions within the organization based on products, services, or geographical markets.

Loosely Coupled

A system design principle where components are minimally dependent on each other, allowing for flexibility and easier modification.

Composite Structural Configuration

A method of organizing a company or system that combines different structures to maximize efficiency and effectiveness.

Professional Bureaucracy

An organizational structure where power is held by professionals with specialized knowledge rather than through formal managerial positions.