Ergo Incorporated Loses Its Competitive Edge as the Management Deems

question 76

Multiple Choice

Ergo Incorporated loses its competitive edge as the management deems it unnecessary to invest in technology and innovations.Instead,it focuses more on unreliable ventures and ends up taking some risky decisions.What bias does the example indicate?

• A) Hindsight bias
• B) Self-serving bias
• C) Availability heuristic
• D) Leniency error
• E) Overconfidence

---

Definitions:

Disinfect

The process of using chemical agents to eliminate or reduce harmful microorganisms on surfaces or objects to prevent infection.

Wheelchair

A chair mounted on wheels for the use of individuals who cannot walk or have difficulty walking.

Examination Table

A piece of medical equipment used in healthcare settings for patients to sit or lie on during a medical exam.

Gait Belt

A safety device used in healthcare settings, designed to help patients who have difficulty walking by providing a secure grip for caregivers during transfers or ambulation.