Escalation of Commitment Means Investing More Money in a Project

question 226

True/False

Escalation of commitment means investing more money in a project, but only after it is clear that the project is worthwhile.

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Definitions:

Core Competency

The primary area of expertise or strength of an organization or individual, which gives them a competitive advantage.

Competitive Advantage

A particular circumstance or characteristic that grants a company a dominant or advantageous position over its competition.

Future Growth

Refers to the expansion and development of a business or economy over time.

Operational Control

The process of monitoring and managing day-to-day operations of a business to ensure that organizational goals are met.