Manager Looked at the Previous Year's Revenues to Forecast Sales

question 85

Multiple Choice

Manager looked at the previous year's revenues to forecast sales for the coming year.Which management bias is this an example of

• A) Being influenced by emotions
• B) Perpetuating the status quo
• C) Seeing what you want to see
• D) Justifying past actions
• E) Being influenced by initial impressions

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Definitions:

Destinations

The end points or locations to which something or someone is directed or being sent.

Optimal Solution

The best possible outcome or answer to a problem, derived from a set of constraints and objectives.

Transportation Model

A mathematical representation used to solve logistics problems involving the minimization of transportation costs while fulfilling supply and demand conditions.

Cells

Biological units that are considered the smallest living organisms and fundamental building blocks of life.