Paul,the Store Manager,recently Had to Fire Sue,an Employee Who Graduated

question 125

Multiple Choice

Paul,the store manager,recently had to fire Sue,an employee who graduated from North College.He felt that Sue was not well trained at her school.So when Steven,also a graduate from North College,applied for Sue's old position,he did not want to consider hiring him,feeling Steven also probably did not receive the proper training.Paul was affected by _____ bias.

• A)blind
• B)training
• C)confirmation
• D)representativeness
• E)adjustment

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Definitions:

Zero-based Budgeting

A budgeting method that starts from a "zero base" every period, requiring all expenses to be justified for each new period, as opposed to being carried forward.

Top-Down Budgeting

A budgeting approach where the budget is created by top-level management and then distributed to lower levels for implementation.

Bottom-Up Budgeting

A budgeting process where the budget is prepared with the input and estimates coming from lower-level staff, before being aggregated and approved at higher levels.

Operating Budgets

A financial plan that estimates the expected income and expenses for a specific period in the future, often used to guide business activities.