Vikram Is a Very Successful Car Salesman Who Generates a Lot

question 133

Multiple Choice

Vikram is a very successful car salesman who generates a lot of revenue for his firm. His manager is impressed with his performance and hires his younger brother as a car salesman in the firm, assuming that he will be as successful as Vikram in selling cars. However, Vikram's brother fails to live up to the expectations. The type of decision-making error made by Vikram's manager in this scenario is known as _____.

• A) availability bias
• B) confirmation error
• C) adjustment bias
• D) lack-of-participation error
• E) representativeness bias

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Definitions:

Affordable Care Act

A United States federal statute enacted in 2010 aimed at expanding health insurance coverage and reducing healthcare costs.

Health Care System

The organization of people, institutions, and resources to deliver health care services to meet the health needs of target populations.

Constitutionality

The quality or condition of being in accordance with a country's constitution; the legality of actions or statutes as judged by constitutional principles.

Welfare Reforms

Changes to social welfare policies aimed at improving the system's efficiency, encouraging employment among beneficiaries, and reducing government welfare spending.