The Tendency to Continue Investing in a Project, Despite Mounting

question 6

Multiple Choice

The tendency to continue investing in a project, despite mounting evidence that it is not succeeding, often comes about because people mistakenly let sunk costs affect decision making rather than weighing the value of further investment. This tendency is known as ________.

• A)zero-profit condition
• B)escalation of commitment
• C)progress trap
• D)zero-sum game

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Definitions:

Combo Box

A graphical user interface widget that combines a drop-down list or menu with a single-line textbox, allowing users to select from predefined options or enter a custom value.

Possible Values

The range or set of values that a variable or expression can assume.

Insert Image

The process of adding a graphical image to a document, presentation, or webpage.

Online Pictures

Digital images or photos that can be accessed and used via the internet, often through search functions within software applications.