Edgar hired a graduate from his alma mater, thinking he would be a successful first-line supervisor. Unfortunately, the new hire has not worked out as well as hoped. Edgar decided to invest time and money in training for the new hire but saw little improvement. Next, he assigned a successful supervisor to mentor the young employee, but the problems persisted. Edgar is displaying Group of answer choices Bounded rationality Irrational behavior Poor judgment Escalation of commitment

Question

Business

Layne Adkins

6 August, 15:41

Edgar hired a graduate from his alma mater, thinking he would be a successful first-line supervisor. Unfortunately, the new hire has not worked out as well as hoped. Edgar decided to invest time and money in training for the new hire but saw little improvement. Next, he assigned a successful supervisor to mentor the young employee, but the problems persisted. Edgar is displaying Group of answer choices Bounded rationality Irrational behavior Poor judgment Escalation of commitment

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Answers (1)

Know the Answer?

Deja Flores · Answer 1

The correct answer is letter "D": Escalation of commitment.

Explanation:

In business, escalation of commitment occurs when resources are allocated to an investment that is not providing the results expected. Individuals tend to incur in such actions when they do not want others to see their investment is counterproductive or that they took a wrong decision by choosing the underperforming investment. Resources directed to these investments could imply money, time or energy.