Malik and His Managers Spent a Large Sum of Money

question 83

Multiple Choice

Malik and his managers spent a large sum of money on the new training program,and they feel that there has been little improvement as a result of the investment.The training is scheduled to continue for two more months,and Malik feels that with all the money already spent on the project,it is too costly to simply abandon it.This is known as ______.

• A)blind bias
• B)a training trap
• C)confirmation bias
• D)sunk-cost bias
• E)a catch-22 effect

---

Definitions:

Short-term Memory

Retaining a small volume of information actively on hand in the brain for a quick moment.

Forgetting

The loss or inability to recall information that was previously encoded into long-term memory.

Seconds

The base unit of time in the International System of Units (SI), defined as the duration of 9,192,631,770 periods of the radiation corresponding to the transition between two hyperfine levels of the ground state of the cesium-133 atom.

Steps to Memory

The process of memory formation, typically involving encoding, storage, and retrieval of information.