Which One of the Following Statements Is Correct

question 2

Multiple Choice

Which one of the following statements is correct?

• A)The representative heuristic describes a bias in human behaviour which consists of drawing inferences from small samples that are too strong and doing the opposite for large samples.
• B)Hubris is a type of overconfidence relating to takeovers whereby bidding managers overestimate the takeover gains.
• C)Heuristic simplification consists of simplifying decision problems by using rules of thumb.
• D)All of the above.

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Definitions:

External Environment

Refers to all external factors—including social, economic, natural, and political—that affect an individual's or organization's actions and decisions.

Erikson's Developmental Theory

A theory by Erik Erikson that outlines eight stages of psychosocial development from infancy to adulthood.

Psychosocial

Refers to the interrelation of social factors and individual thought and behavior.