Multiple Choice
A regional manager decided to increase production based on random data that were interpreted to show a pattern of increased sales.Which type of bias does this reflect?
A) Systematic errors
B) Representative bias
C) Clustering illusion
D) Illusion of control and overconfidence bias
E) Prior hypothesis bias
Correct Answer:
Verified
Correct Answer:
Verified
Q2: The rational or classical model of decision
Q3: An organization in which managers try to
Q4: Errors that people make over and over
Q5: Which of the following is not a
Q6: The last step in the decision-making process
Q7: Rules of thumb that simplify decision making
Q8: The ability to make sound decisions based
Q9: When a manager must decide whether he/she
Q10: Managers who are rational in the way
Q11: Prior hypothesis bias occurs when managers make