Question: Assignment Brief: This individual assignment requires that you answer Questions 1, 2, and 3 below. 1. Smart-E-Mechs in Stevenage UK manufactures components for the energy

Assignment Brief: This individual assignment
Assignment Brief: This individual assignment requires that you answer Questions 1, 2, and 3 below. 1. Smart-E-Mechs in Stevenage UK manufactures components for the energy industry. Although it is a challenging period worldwide, management of Smart-E-Mechs is considering adding more floor space due to potential increase in future demand and will either add no floor space, a moderate area of floor space, or a large area of floor space. Demand will either stay fixed, increase slightly, or increase greatly. Management is concerned about issues that could lead to poor decision, one of which is confirmatory bias. Clearly explain what is meant by confirmatory bias including how confirmatory bias can lead to poor decisions. In addition to confirmatory bias, briefly discuss two more reasons why people can make not so good decisions. Use the case of Smart-E-Mechs above as illustrative example. 25

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