Question
Which of the following is NOT one of the biases in
decision making?Solution
Biases or Cognitive bias, can be defined as a set of predictable mental errors that arise from our limited ability to process information objectively. Various biases include confirmation bias (i.e. look for information that supports your existing beliefs and reject data that goes against what you believe), Attribution bias (i.e. the tendency to blame others when things go wrong, instead of looking objectively at the situation, hindsight bias (i.e. belief that one accurately predicted the outcome of a decision before it was made, even if he/she did not), commitment bias (i.e. tendency to remain committed to our past behaviors, even if they do not have desirable outcomes), etc.
When an individual is unable to repay the overdraft availed from a bank, which type of risk is the bank primarily exposed to?
With reference to the service sector in India, which of the following statements is/are incorrect?
I. The share of Se...
The first auditor of a company (other than government company) is appointed by the ______ within ______ of registration of the company by passing a vali...
What does “Inhwa” in management perspective refer to?
Price risk is the risk of a decline in the value of a security or a portfolio. How can one transfer price risk?
Which of the following reduces working capital requirement?
Deduction (under Section 80E of the Income Tax Act, 1961) shall be allowed for __________ assessment years starting from the assessment year in which th...
Net Profit = ₹12,00,000; No. of shares = 6,00,000; 12% preference dividend = ₹1,20,000. Compute Basic EPS.
If interest rates rise, what happens to the value of a call option , all else constant?
Financial accounting is mainly concerned with: