Escalation of Commitment Is Best Described as the ________

question 45

Multiple Choice

Escalation of commitment is best described as the ________.

• A)strategy of first entering a country on a small scale
• B)process of entering a country because "everyone else is going there"
• C)expectation of a higher return in more politically risky environments
• D)increased likelihood of investing in a country because of having spent considerable time and money in examining it

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Definitions:

Budget Procedure

The process involving the creation, approval, and implementation of a financial plan for a business or an organization.

Top-Down Managerial

A management approach where decision-making and direction come from the top levels of the organization and flow downward.

Profit-Making Businesses

Enterprises or organizations that operate with the primary goal of earning financial profits.

Budgetary Slack

Excess resources set within a budget to provide for uncertain events.