Question

In: Accounting

It is important to consider biases that you and other may have in reaching judgments. One...

It is important to consider biases that you and other may have in reaching judgments. One way to combat bias is to:

Select one:

a.

Make a quick decision.

b.

Go with your gut.

c.

Talk to few people.

d.

Delay a final judgment.

Solutions

Expert Solution

It is very important to combat individual biases while making any judgements. This is because a bias can result in an incorrect judgement being reached.

Analysis of the options in the question:

a. Make a quick decision - This would result in the judgement being reached in a hasty manner and the judgement could be biased and/or incorrect. Hence, this is not the correct answer.

b. Go with your gut - This would result in the judgement being reached on the basis of only one person's choices. That too, dependent on his or her instincts which could result in an incorrect and biased judgement. Hence, this is not the correct answer.

c. Talk to few people - This would involve taking inputs/opinions of multiple people and hence, it would result in a totally unbiased judgement. Hence, this is the correct answer.

d. Delay a final judgement - Delaying any judgement would not guarantee a correct and biased judgement. Hence this is not the correct answer.

Hence, option c is the correct answer.


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