Questions: Multiple Choice Question Eileen had provided the weekly inventory report to the management team every Friday for the past four months, but she wasn't able to generate the report last week because she was attending a seminar learning how to use the new inventory software. Her boss sent her an e-mail reminding her of the importance of the report and asking her to be sure and submit it every Friday. This is an example of o predictive modeling o the availability bias o the Delphi technique o the sunk-cost bias Need help? Review these concept resources. Read About the Concept

The answer is B: the availability bias.

Explanation for each option:

• Predictive modeling: This involves using statistical techniques to predict future outcomes based on historical data. In this scenario, there is no mention of predicting future events or outcomes, so this option is incorrect.

• The availability bias: This cognitive bias occurs when people rely on immediate examples that come to mind when evaluating a specific topic, concept, method, or decision. In this case, the boss's reminder about the importance of the report could be influenced by the recent unavailability of the report, making it more salient in their mind. This makes the availability bias the correct answer.

• The Delphi technique: This is a structured communication technique originally developed as a systematic, interactive forecasting method which relies on a panel of experts. There is no indication of a panel or forecasting method being used in this scenario, so this option is incorrect.

• The sunk-cost bias: This bias involves continuing a project or decision based on the cumulative prior investment (time, money, resources) rather than current and future benefits. The scenario does not involve any decision-making based on past investments, so this option is incorrect.