Managers often think they can know and predict everything regarding a problem,even when a situation has a completely unpredictable outcome.This,after the fact,"I knew it all along" belief fallacy is known as:
A)the hindsight bias.
B)an inert knowledge problem.
C)interdependence.
D)the social system context.

Question

Quizplus · Accepted Answer

The described belief fallacy is known as the hindsight bias, in which individuals believe they knew the outcome of a situation all along after it has already occurred, despite having no way of actually predicting it beforehand.

Managers Often Think They Can Know and Predict Everything Regarding