When Managers Intentionally Underestimate or Overestimate Revenues and Costs It

question 83

Short Answer

When managers intentionally underestimate or overestimate revenues and costs it is called budgetary __________.

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Definitions:

Significant

Having a particularly important, notable, or consequential value or impact.

Persistent Annoyance

A continuous or recurring irritation that may affect one's performance, mood, or interactions negatively.

Self-serving Bias

A cognitive bias where individuals attribute their successes to internal factors and their failures to external factors.

Blindness of Involvement

The phenomenon where individuals become so engrossed in their own perspective or role that they are unable to understand or see the situation from another's viewpoint.