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:

Slope

In the context of a linear equation, slope represents the rate of change between two variables, indicating how much one variable changes for a unit change in another variable.

Predicted Value

The estimated outcome based on a statistical model or regression analysis.

Least Squares Regression Line

This is a straight line that best fits the data on a scatter plot, minimizing the sum of the squares of the vertical distances of the points from the line.

Sales

The transactions or processes involved in the selling of goods or services to customers, often measured to gauge business performance.