A top-level manager in an organization thinks that he/she is the only person in the organization who can oversee global expansion.The bias being experienced by the manager is illusion of control. The correct option is a.illusion of control.
It reflects the propensity of people to think they can influence or at least control outcomes when, in reality, they cannot. People who are vulnerable to illusion of control bias believe they have more control than they actually do over their surroundings. The bias known as illusion of control can cause investors to trade more frequently than is sensible, to keep their portfolios under-diversified, or to utilise limit orders and other similar strategies in order to feel as though they have a false feeling of control over their investments. Investor overconfidence is generally a result of this prejudice.
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