All of the Following Are Cognitive Biases That Can Affect

question 32

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:

Modal Selection

The process of choosing the most appropriate method of transportation for goods based on factors such as cost, speed, and product characteristics.

Product Value

The perceived worth of a product or service to the customer, often influenced by its utility, quality, and the benefits it provides.

Pipeline Costs

Refers to the expenses associated with the operation, maintenance, and construction of pipelines used to transport goods, liquids, or gases.

Predominantly Fixed

A term describing costs or attributes that remain constant and do not vary significantly with activity level.