The "Risk-Averse" Manager Will Be Improperly Biased To

question 24

Multiple Choice

The "risk-averse" manager will be improperly biased to:

• A) Seek out decisions with uncertain outcomes.
• B) Make risky decisions.
• C) Avoid decisions with uncertain outcomes.
• D) Maximize his or her own risk and minimize the company's risk.
• E) Use resources beyond his/her control.

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Definitions:

Thought Processes

The mental operations involved in perceiving, knowing, thinking, and problem-solving.

Alcoholic

An alcoholic is a person who suffers from alcoholism, a chronic disease characterized by an uncontrollable desire to drink alcohol despite its negative effects on health and life.

Wine

An alcoholic beverage made from fermented grapes or other fruits, varying greatly in taste, strength, and color.

Pregnant

The state of carrying a developing fetus within the female body.