A CEO Thinks That He or She Is the Only

question 63

Multiple Choice

A CEO thinks that he or she is the only person who can oversee global expansion. This CEO has which of the following cognitive biases?

• A) Illusion of control
• B) Ego-defensiveness
• C) Cognitive dissonance
• D) Projection

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Definitions:

Phillips Curve

An economic theory suggesting an inverse relationship between the rate of inflation and the rate of unemployment within an economy.

Policy Makers

Individuals or bodies responsible for formulating and implementing public policies, laws, and regulations, often within governmental or legislative institutions.

Aggregate Supply

The total supply of goods and services that are available to consumers in an economy at a given price level in a given period.

Passive Approach

A passive approach involves a non-interventionist or minimal-effort strategy of dealing with situations, often contrasted with active strategies that require direct action.