Which of the Following Best Defines Escalation of Commitment

question 44

Multiple Choice

Which of the following best defines escalation of commitment?

• A)the tendency to invest in a project when it offers increasing returns over a period of time
• B)the tendency of employees to increase productivity at work when provided with incentives
• C)the tendency of employees to quit an organization when their needs are being disregarded
• D)the tendency to continue to invest in a project despite mounting evidence that it is not succeeding

Recognize factors that contribute to positive attitudes toward retirement.

Appreciate the importance of flexibility in goal adjustment across the lifespan for happiness and well-being.

Analyze how individuals adapt to changes and challenges through selection, optimization, and compensation strategies.

Explore the psychological impact of searching for meaning in loss and the implications for long-term emotional health.

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Definitions:

Marginal Social Benefit

The incremental advantage to the community from the consumption or production of an additional unit of a product or service.

Pollution

is the introduction of contaminants into the natural environment that cause adverse changes, affecting air, water, and land quality detrimentally.

Positive Externality

A benefit that affects a party who did not choose to incur that benefit.

Externalities

Economic side effects or consequences of industrial or commercial activity that affect other parties without being reflected in the costs of the goods or services involved.