Finance Managers at Big Bend Inc

question 58

Multiple Choice

Finance managers at Big Bend Inc. made a financial blunder when they solely looked at the previous year's sales to estimate sales for the coming year. Of which management bias is this an example?

• 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:

Observational Learning

The process of learning behaviors by watching and imitating others, without direct reinforcement.

Discourtesy and Disrespect

Behaviors or actions that are rude, inconsiderate, or show a lack of regard for others.

Cognitive Map

A mental representation of a spatial arrangement such as a maze.

Latent Learning

Learning that occurs without immediate reinforcement and is not demonstrated until a suitable motivation is provided.