New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    A manager relying on previous successful decisions to

    make current decisions may be influenced by which bias?
    A Overconfidence bias Correct Answer Incorrect Answer
    B Confirmation bias Correct Answer Incorrect Answer
    C Availability bias Correct Answer Incorrect Answer
    D Hindsight bias Correct Answer Incorrect Answer
    E Anchoring bias Correct Answer Incorrect Answer

    Solution

    Availability bias occurs when managers rely on information that is most readily available or recent, often based on past successful decisions, rather than considering all relevant information. This can limit the effectiveness of decision-making.

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