Escalation of Commitment Occurs When Employees Increase Their Support for a Decision

question 168

True/False

Escalation of commitment occurs when employees increase their support for a decision because most of their colleagues also support that decision.

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Definitions:

Profit And Loss

A financial statement that summarizes the revenues, costs, and expenses incurred during a specific period, usually a fiscal quarter or year.

Financial Slide

A situation marked by a significant decrease in the financial performance or value of assets.

Memorize The Pitch

The process of learning and practicing a persuasive speech or presentation by heart to effectively communicate a business idea or product to potential investors or partners.

Call To Action

A directive to the audience designed to provoke an immediate response, typically in the form of an instruction to proceed in a way that benefits the issuer.