Escalation of Commitment Means Investing More Money in a Project

question 226

True/False

Escalation of commitment means investing more money in a project, but only after it is clear that the project is worthwhile.

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Definitions:

Percentage

A portion or division of a whole expressed as a number out of 100.

Development

Development refers to the process of economic growth, structural change, and improvement in the living standards and quality of life of a population.

Basic and Applied Research

Fundamental scientific exploration aimed at gaining knowledge and understanding, and its practical application to solve specific problems, respectively.

Percentage

A proportion or share in relation to a whole, expressed as a fraction of 100.