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Simora [160]
2 years ago
11

In the context of loss aversion, identify a true statement about sunk-cost fallacy. Multiple Choice People are reluctant to give

up on a venture because of past investment. People tend to report falsely, after the fact, that they accurately predicted an outcome. People disregard prior experiences or failures when making predictions about the possibility of an outcome. People ascribe greater value to things they already own, compared to objects owned by someone else.
Business
1 answer:
noname [10]2 years ago
6 0

The sunk-cost fallacy tries to explain that<u> </u><u>People </u><u>are </u><u>reluctant </u><u>to </u><u>give up</u><u> on a </u><u>venture </u><u>because of </u><u>past investment. </u>

Sunk costs are:

  • Costs that have already been incurred by an entity in a certain venture
  • Costs that can no longer be recovered.

The sunk cost fallacy tries to explain that the reason people stick with an investment even if they cannot recover the costs thereof is that they are reluctant to simply let go of something they have invested in before.

In conclusion, the sunk cost fallacy shows that people will continue to chase sunk costs simply because they have past investment in that venture.

<em />

<em>Find out more at brainly.com/question/17920044.</em>

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VF Corporation, maker of North Face and other popular "lifestyle" apparel brands, split itself into two separate organizations i
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The VF Corporation splits itself into two separate organizations in order to rank the performance prospects of the businesses from best to worst and determine what the corporate parent's priorities should be.

<h3 /><h3>VF Corporation</h3>
  • VF Corporation is one of the world's biggest clothing, footwear and embellishments organizations interfacing individuals with the ways of life, exercises, and encounters they esteem most through a group of notable open-air, dynamic, and workwear brands.
  • One of the World's Most Ethical Companies in 2022, and a global leader in defining and raising the norms of ethical business operations.

<h3>Why did VF Corporation decide to split?</h3>
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Hence, In order to analyze the performance prospects of the businesses from best to worst and establish what the corporate parent's priority should be, the VF Corporation divides itself into two distinct groups.

To learn more about such Company Ethics refer to:

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In this case, Paul's wife possess the power of appointment to anyone on her behalf. Therefore, The GPOA Trust automatically qualifies for the unlimited marital deduction because Paul's wife has a general power of appointment over the trust's assets.

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