Examlex
Which of the following statements regarding term limits for state legislators is most accurate?
Escalation of Commitment
The phenomenon where individuals or groups continue to invest time, money, or effort into a bad decision, even when it becomes clear it was a mistake.
Board of Directors
A group of individuals elected to represent shareholders and oversee the management and policies of an organization.
CEO
Chief Executive Officer, the highest-ranking person in a company or organization, responsible for making major corporate decisions.
Rational Choice
is a theoretical framework that assumes individuals make decisions by considering the potential costs and benefits of different options to maximize their advantage.
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