Describe Two Forms of Bias That Adversely Affect the Way

question 69

Essay

Describe two forms of bias that adversely affect the way managers make decisions and provide an example for each.

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Definitions:

Heirs

Individuals legally entitled to receive a portion of a deceased person's estate according to the law or the will of the deceased.

Spouse

A partner in marriage or a civil union, often sharing social, legal, and financial responsibilities.

Probate

The legal process by which a deceased person's will is validated and their property is distributed to heirs.

Individual

Referring to a single human being as distinct from a group, class, or family, emphasizing personal identity and autonomy.