When Decision Makers Tend to Think They Know More Than

question 115

Multiple Choice

When decision makers tend to think they know more than they do or hold unrealistically positive views of themselves and their performance, they are exhibiting ________.

• A)self-serving bias
• B)the anchoring effect
• C)immediate gratification bias
• D)overconfidence bias
• E)selective perception bias

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Definitions:

Fresh Vegetables

Vegetables that are not frozen, canned, or processed in any significant manner, retaining their natural texture and flavor.

Total Weight

The combined mass of all objects or substances in a particular group or set.

Monetary Products

Financial products and services that have monetary value, including currencies, derivatives, and savings accounts.

Round Off

The process of adjusting numbers to their nearest value, often to simplify figures in financial and mathematical calculations.