Hari Has a Long History of Success,but More Recently His

question 104

Multiple Choice

Hari has a long history of success,but more recently his judgment has come into question in some decisions that he has made.Some believe that he is too optimistic about his own performance,and that affects his judgment.Hari may be committing

• A)performance bias.
• B)perceptual bias.
• C)semantic bias.
• D)overconfidence bias.
• E)anchoring bias.

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Definitions:

Cash Collections

The process of gathering all cash inflows from a company's business activities, including payments from customers and other receivables.

Credit Sales

Sales made by a business that are not paid for at the time of purchase, allowing customers to pay at a later date.

Budgeted Cash Collections

Budgeted cash collections are the projected cash receipts from sales or other revenue sources as estimated in a company’s budget for a specific period.

Budgeted Sales

Projected or planned sales figures for a specific period, used in financial planning and strategy.