Decision-Making Bias Under Which People Are Willing to Commit Additional

question 136

Multiple Choice

Decision-making bias under which people are willing to commit additional resources to a failing course of action is called ________.

• A) illusion of control
• B) self-serving fairness bias
• C) illusion of optimism
• D) escalation of commitment

---

Definitions:

HR Professionals

Individuals or teams specializing in managing recruitment, training, performance, and well-being of employees within an organization.

Employee Retention

Strategies and practices aimed at keeping valuable employees within a company to reduce turnover and maintain productivity.

Mass Customizing

A production and marketing strategy that combines the flexibility and personalization of custom-made products with the low unit costs associated with mass production.

Employment Experience

The accumulation of knowledge, skills, and attitudes acquired by individuals through participating in the workforce.