Why Should Managers Understand How Visual Perception May Be Biased

question 17

Multiple Choice

Why should managers understand how visual perception may be biased?

• A) Managers have a tendency to compare and contrast objects and people to each other.
• B) Managers are prone to errors and biases when perceiving themselves.
• C) Managers rely on their visual perception to form their opinions about people and objects around them.
• D) Bias in visual perception tends to interfere with the management process.

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Definitions:

Transfer Warranties

Legal assurances provided by a seller to a buyer regarding the condition and legal status of property or goods being sold.

Presentment Warranties

Guarantees made by the presenter of an instrument (e.g., a check) regarding their authority and the validity of the instrument in a financial transaction.

Acceptor

A person (drawee) who accepts and signs a draft to agree to pay the draft when it is presented.

Draft

An instrument validating an order by a drawer to a drawee to pay a payee.