____, social, and psychological are three clusters of factors contributing to the decision trap of escalation of commitment.

A) Economic
B) Managerial
C) Technical
D) Administrative
E) Organizational

Escalation of Commitment

A behavior pattern in which an individual or group continues to invest in a decision despite evidence of its ineffectiveness or failure.

Economic

Pertaining to the production, distribution, and consumption of goods and services, as well as the management of financial resources in a community or society.

Managerial

Pertaining to the activities, responsibilities, and skills of managers in planning, organizing, leading, and controlling within an organization.