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Ann [662]
3 years ago
7

Three years ago, the City of Recker committed to build a park and music venue by the river. It was expected to cost $2.5 million

and be paid for from an additional meals tax in the community. The residents pushed back. Local restaurants suffered as people ate out less or patronized restaurants in neighboring communities. The project has stalled, but the town council kept pushing it on. This spring, a flood devastated the venue. The town council appears to have suffered from _______ bias.
Business
1 answer:
Rufina [12.5K]3 years ago
5 0

Answer: C. escalation of commitment

Explanation:

Escalation of commitment bias refers to a situation where an entity continues to invest resources in an endevor that is not working out which means it is not contributing any value but is still being invested in.

The Town Council can see what has happened to the town and how their restaurants have suffered. The project has also stalled and yet they keep pushing it on. They are committed to an endevor that is not working out so this is an escalation of commitment bias.

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Option A; INSTRUMENTALITY.

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3 years ago
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KengaRu [80]

Answer:

The correct word for the blank space is:  procurement policy.

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A procurement policy within the work frame is the set of regulations that establishes boundaries on the purchase of assets for the company's employees. Its main role is to ensure those purchases adjust to the needs of the organization so that the company can add value to its operations.

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3 years ago
You got a new credit card and spent $200 on the card last month. You forgot to make the payment on time and were assessed a $40
Andre45 [30]
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5 0
3 years ago
Anderson Enterprises, an advertising firm, planned to make its communication process more effective and interviewed employees to
Yuri [45]

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I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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4 years ago
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