A regional manager makes a decision to increase production based on random data that are interpreted to show a pattern of increased sales.Which type of bias does this reflect?
A) illusion of control and overconfidence bias
B) prior hypothesis bias
C) representative bias
D) systematic errors
E) clustering illusion
Correct Answer:
Verified
Q20: Managers who have a strong commitment to
Q21: The administrative model of decision making was
Q22: Managers who are rational in their way
Q23: argued that "rules of thumb" simplify decision
Q24: Which of the following is not a
Q26: A cognitive bias resulting from the tendency
Q27: The cognitive limitations that constrain one's ability
Q28: Learning from the results of past decisions
Q29: A manager's duty or obligation to make
Q30: Having a minimal commitment to social responsibility,
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