Asked by Brycen Cluster on May 24, 2024
Verified
All of the following can help minimize the escalation of commitment EXCEPT:
A) setting limits.
B) continuing to invest based upon how many resources have already been invested.
C) recognizing and accepting sunk costs.
D) seeking external review.
Escalation Of Commitment
A decision-making process where individuals or groups continue to invest in a decision despite new evidence suggesting it might be wrong.
Sunk Costs
Expenses that have already been incurred and cannot be recovered, which should not affect future decision-making but often do.
External Review
An evaluation or assessment conducted by individuals or entities outside of an organization to ensure objectivity and impartiality, often focusing on processes, products, or financial health.
- Understand the methodology and impacts of increasing dedication in making decisions.
Verified Answer
JD
Jariah DavisMay 26, 2024
Final Answer :
B
Explanation :
Continuing to invest based upon how many resources have already been invested is actually a factor that can contribute to the escalation of commitment, rather than minimizing it. The other options (setting limits, recognizing and accepting sunk costs, seeking external review) are all strategies that can help minimize escalation of commitment.
Learning Objectives
- Understand the methodology and impacts of increasing dedication in making decisions.