Which Error Occurs When Managers Allow Initial Impressions, Statistics, or Estimates

question 1

Multiple Choice

Which error occurs when managers allow initial impressions, statistics, or estimates to control or excessively influence subsequent thoughts and decisions? 

• A)Confirmation bias
• B)Fundamental attribution error
• C)Anchoring bias
• D)Self-serving bias
• E)Sunk cost effect

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Definitions:

Creative Abilities

The capacity to generate new ideas, solutions, or artistic expressions, showcasing human innovation and imagination across various domains.

Omega Point

A term used in some theological and scientific discussions to denote the ultimate goal or endpoint of universal evolution.

Scientific Assumptions

Fundamental beliefs or principles that are accepted without proof in scientific research, serving as a base for further study.

General Systems Theory

A conceptual framework proposing that complex systems share organizing principles, regardless of their nature, allowing interdisciplinary approaches to problem-solving.