Escalation of Commitment Is Unlikely When

question 70

Multiple Choice

Escalation of commitment is unlikely when:

• A) funds for further investing are limited.
• B) the threat of failure is overwhelming.
• C) responsibility for earlier failures is diffused.
• D) all of these have happened, or are happening.

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Definitions:

Limited Specialization

A situation in which individuals or entities focus on a restricted range of products or services to gain greater efficiency, but do not specialize to the extent that they produce only one good or service.

Primitive Societies

Early human communities characterized by simple social structures and technologies.

Feasible

Capable of being done or achieved; possible to do easily or conveniently.

Barter

Trading goods and services directly without involving money as an intermediary.