The Opportunity to Abandon a Project Loses Some of Its

question 92

Multiple Choice

The opportunity to abandon a project loses some of its value when:

• A) fixed costs are high.
• B) markets are extremely competitive.
• C) the future is relatively certain.
• D) secondary markets exist and are active.

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Definitions:

Risk Seeking Propensity

A behavioral trait of preferring or pursuing actions that have potential for higher gains despite the risks involved.

High Autonomy

A condition where individuals or entities operate independently, making their own decisions with minimal supervision or direction.

Entrepreneurial Culture

An organizational culture that fosters innovation, risk-taking, and the proactive pursuit of opportunities, typical of startups and innovative enterprises.

Whistleblower

An individual who exposes illegal, unethical, or improper activities within an organization, often risking their career and personal well-being.