Sunk Costs ________

question 53

Multiple Choice

Sunk costs ________.

• A) are relevant
• B) are differential
• C) have future implications
• D) are ignored when evaluating alternatives

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Definitions:

Self-Confidence

The belief in one's own abilities, qualities, and judgment.

Self-Efficacy

A person's confidence in their ability to perform actions required to achieve certain outcomes.

Collective Efficacy

The shared belief in a group's collective ability to organize and execute the courses of action required to achieve given goals.

Team Cohesion

The extent to which members of a team are united in pursuing common goals and how attracted they are to the team and its activities.