Asked by Jarrett Covelli on May 10, 2024

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Escalation of commitment only happens when the current decision maker is responsible for the previous sunk costs.

Previous Sunk Costs

Refers to resources that have already been spent and cannot be recovered.

  • Become aware of the factors leading to an escalation of commitment and its outcomes.
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Fatin MiraaMay 12, 2024
Final Answer :
False
Explanation :
Escalation of commitment can occur regardless of whether the current decision maker is responsible for the previous sunk costs, as it involves continuing a chosen course of action even when it is not yielding the expected results, often influenced by factors such as cognitive dissonance, loss aversion, and social factors, not solely responsibility for past decisions.