Business Managers Are Often Overly Confident of Their Own Hiring

question 190

Multiple Choice

Business managers are often overly confident of their own hiring ability because they are more likely to monitor the successes of people they hired than the achievements of those they rejected.This illustrates that overconfidence may be facilitated by

• A) an algorithm.
• B) prototypes.
• C) the framing effect.
• D) confirmation bias.

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Definitions:

Commitment

The level of dedication an individual or group has towards a task, project, or organization, often associated with high performance and productivity.

Advocacy

The act of speaking or acting on behalf of a cause, policy, or individual to influence public opinion or decision-making.

Indirect Costs

are expenses not directly tied to a specific product or service production but necessary for the organization's overall operations, such as utilities or administration salaries.

Hard Costs

Direct, tangible expenses associated with the execution of a project, such as materials and labor costs.