Escalation of Commitment Can Occur When People Don't ________

question 38

Multiple Choice

Escalation of commitment can occur when people don't ________.

• A)want to admit that an earlier decision was flawed
• B)accept current conditions
• C)understand that conditions have changed
• D)want to make a decision

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Definitions:

Special Expertise

Unique or advanced knowledge and skills in a particular field or discipline.

Fixed Price Contract

A type of contract where the payment amount does not depend on resources used or time expended, providing certainty about the total project cost.

Price Adjustment

The process of altering the price of goods or services in response to market conditions, contract terms, or cost changes.

Short Projects

Projects characterized by their limited duration and scope, typically requiring swift execution and delivery within a constrained timeline.