Question
Which of the following is a common bias that can affect
managerial decision-making?Solution
Anchoring bias occurs when individuals rely too heavily on the first piece of information they encounter (the "anchor") when making decisions. This bias can lead to skewed decision-making, especially if the anchor is irrelevant or misleading.
How many scientists have been jointly awarded the Nobel Prize for Physics in the year 2023?
Which ministries jointly launched Project Veer Gatha, as part of Azadi Ka Amrit Mahotsav?Â
The Behdeinkhlam Festival, recently celebrated in Jowai, Meghalaya, is rooted in which traditional community's rituals?
How many women are targeted under Bihar’s Mahila Samvad campaign?
What significant milestone did Sindhu Ganapathy achieve in Southern Railway?
What is the expected GDP growth rate for India in Q2FY25 according to the data?
In the human body, what part is made of neither bones nor skin?
Recently central government announced to provide incentive of Rs ____ under PLI scheme for drones and drone components?
From which date will the RBI’s new guidelines for AePS transactions become effective?
RBI’s WMA limit for the Government of India for Oct 2025–Mar 2026 (H2 FY 2025–26) is fixed at:
Relevant for Exams:
