All of the Following Are Cognitive Biases That Can Affect

question 102

Multiple Choice

All of the following are cognitive biases that can affect a manager's judgment except:

• A) being influenced by initial impressions.
• B) justifying past decisions.
• C) seeing what you want to see and what you do NOT want to see.
• D) perpetuating the status quo.
• E) overconfidence.

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Definitions:

Book Value

The net value of a company's assets as reported on the balance sheet, calculated as total assets minus total liabilities and intangible assets not readily marketable.

Office Equipment

Tangible property such as desks, chairs, and computers used in the daily operations of an office.

Cash Flows

The movement of money into and out of a business or financial entity, often analyzed to assess financial health.

Current Period

Refers to the present accounting period under consideration, which could be a month, quarter, or year, depending on the context.