All of the Following Are Cognitive Biases That Can Affect

question 77

Multiple Choice

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

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

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Definitions:

Variable Costing

A costing method where only variable costs are considered when determining the cost of goods sold, excluding fixed overhead.

Operating Income

The profit produced from a company's regular business operations, excluding non-operating income and expenses like interest and taxes.

Year 1

Typically, refers to the first year in a given context, such as the first year of operations, first fiscal year, or first year of data collection.

Operating Income

The profit earned from a firm's normal core business operations, calculated before the deduction of interest and taxes.