Escalation of Commitment Is the Tendency for Managers to Irrationally

question 98

True/False

Escalation of commitment is the tendency for managers to irrationally stick with an investment, even one that is broken down into a sequential series of decisions, when investment criteria are not being met.

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Definitions:

Criterion-Related Validation

A method of assessing the effectiveness of a test or selection procedure by comparing its results with job performance indicators.

Qualitative Data

Non-numerical information that describes attributes or characteristics, typically gathered through interviews, observations, and textual analysis.

Predictor Scores

Quantitative or qualitative evaluations used to forecast the likelihood of a candidate's success in a job role or an educational program.

Outcome Criteria

Measures or standards used to evaluate the effectiveness or success of a program, activity, or intervention.