The ___________ Bias Is a Tendency to Fixate on Initial

question 54

Multiple Choice

The ___________ bias is a tendency to fixate on initial information and fail to adequately adjust for subsequent information.

• A)overconfidence
• B)anchoring
• C)availability
• D)confirmation

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Definitions:

Mission

The foundational statement that defines an organization's core purpose and direction.

Vision

A clear and inspirational long-term desired change resulting from an organization's or individual's work.

Values

Core beliefs or standards that guide behavior and decision-making.

Core Competencies

Resources and capabilities that serve as a firm's competitive advantage.