A man has spent all day gambling on the slot machines. He has lost $250. If an escalation of commitment occurs, he will MOST LIKELY ________
A) invest more money into the machine in an attempt to recoup his losses
B) overestimate the times he will lose money gambling in the future
C) decide he shouldn't spend any more time gambling because he lost so much
D) estimate higher future losses based on increases in inflation
A
Business
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The first planning issue in preparing how to handle a crisis is to ________
A) describe the actions that mitigate the risk B) identify the cause of the risk C) define the risk for each potentially affected audience D) demonstrate responsible management action
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