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.
An interface that is also called Logic Tier in a three-tier architecture is known as _________.
What is the ceiling on the number of audits in case of an individual?
A company pays goods transporters ₹2,00,000 but no GST invoice received so cannot claim input tax credit. The accounting effect on GST payable and exp...
______ is levied on the import of goods and/or services.
Which method is typically used to value non-current assets held for sale?
Which metric is commonly used to evaluate a company’s operational efficiency?
The CIBIL MSME Rank (CMR) is a credit score that helps lenders assess the risk of lending to MSMEs. What is the scale used for CMR?
As per the Companies Act, 2013, which of the following companies must appoint a full-time Company Secretary?
What is the maximum term loan sanction permitted for Aadhaar OTP-based e-KYC accounts?
With respect to time value of money, which of the following statement is incorrect?
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