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:

Static Budget

A fixed budget that does not change or adjust in response to variations in business activity levels or performance.

Employee Salaries And Wages

Financial compensation paid to workers for their labor, including both fixed salaries and hourly wages.

Planning Budget

A budget designed at the beginning of a period, reflecting expected incomes and expenses based on forecasted operations.

Wells Serviced

The number of oil, gas, or water wells maintained, repaired, or serviced within a specific timeframe.