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"Sunk Costs" Are a Source of Organizational Resistance to Organizational

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True/False

"Sunk costs" are a source of organizational resistance to organizational change


Definitions:

Revocation

The process of formally withdrawing, cancelling, or annulling a decision, offer, or legal power.

Valid Contract

An agreement between two or more parties that is enforceable by law, meeting essential elements such as offer, acceptance, consideration, and legal purpose.

Cadillac

A luxury vehicle brand known for its high level of craftsmanship, comfort, and prestige.

Quantum Meruit

A legal principle where a person is paid for the value of the services provided, even in the absence of a contract, based on the reasonable value of services rendered.

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