Which of the Following Is a Cognitive Bias That Contributes

question 104

Multiple Choice

Which of the following is a cognitive bias that contributes to the failure of decision makers to acquire enough information to make a good decision?

• A)Perceptual defence
• B)Anchoring effect
• C)Satisficing
• D)Hindsight
• E)Confirmation bias

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Definitions:

Forges

The act of creating counterfeit copies of documents, art, or other items with the intent to deceive; also refers to workshops equipped with a forge for metalworking.

Effective

Producing the intended or desired result.

Dishonors

Refers to the failure to fulfill an obligation, especially the failure of a bank to pay a check or note when presented.

Sufficient Funds

The necessary amount of money available to complete a transaction or meet financial obligations.