Bill Smith is on assignment for his first audit, when he runs into an accounting practice he's never dealt with before. Rather than asking a more experienced colleague for advice, Bill decides he knows enough to handle it. After all, he passed the CPA exam, didn't he? Bill is exhibiting ________.
A) arrogance bias
B) overconfidence bias
C) anchoring bias
D) poor judgment

Question

Quizplus · Accepted Answer

Bill is exhibiting overconfidence bias, as he believes his knowledge from passing the CPA exam is sufficient to handle a new situation without seeking additional guidance.

Bill Smith Is on Assignment for His First Audit, When