Verticone, a software firm, suffered heavy loss due to poor analysis and bad strategy selection. The loss occurred in this example is the result of _____.

Question

Quizplus · Accepted Answer

The given scenario suggests that Verticone suffered a heavy loss due to poor analysis and bad strategy selection, which are failures of substance. Choice A is incorrect as there is no evidence of representativeness bias. Choice C and D are not relevant to the context of the scenario. Choice E is not applicable as there is no mention of any possession or ownership related bias.

Verticone, a Software Firm, Suffered Heavy Loss Due to Poor