_____ Refers to the Decision to Continue to Follow a Failing

question 18

Multiple Choice

_____ refers to the decision to continue to follow a failing course of action.

• A)Availability bias
• B)Confirmation bias
• C)Escalation of commitment
• D)Gambler's fallacy
• E)Halo effect

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Definitions:

Output

The amount of goods or services produced by a company, industry, or economy within a specified period.

VC

Venture Capital, a form of private equity financing provided by investors to startups and small businesses with long-term growth potential.

AVC

Average Variable Cost, which is the total variable costs (costs that change with production levels) divided by the quantity of output produced.

AFC

Average Fixed Cost; the fixed expenses of a company divided by the number of units produced.