Mastering Strategic Management Study Set 1
Quiz 10: Leading an Ethical Organization: Corporate Governance, Corporate Ethics, and Social Responsibility
The fundamental attribution error occurs when more readily available information is incorrectly assessed to also be more likely.
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Anchoring and adjustment bias occur when individuals react to arbitrary or irrelevant numbers when setting financial or other numerical targets.
Hindsight bias occurs when mistakes seem obvious after they have already occurred.
To avoid delivering an unpleasant message to the CEO, an employee frames the information in a more positive light than reality. This is an example of overconfidence bias.
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