Why Is It So Hard for Managers to Internalize the Sunk-Cost

question 11

Essay

Why is it so hard for managers to internalize the sunk-cost concept when making decisions?

---

Definitions:

Brainstorming

A method of generating ideas through spontaneous and free-flowing group discussion.

Styles

Predefined formats for text and documents that maintain consistency and enhance visual appeal.

Consistency

Consistency refers to the adherence to the same principles, course, form, etc., over a period of time, ensuring uniformity.

Appearance

The way in which a person or thing looks to others, encompassing visual attributes such as style, cleanliness, and presentation.