Question

Finance managers at Big Bend Inc. made a financial blunder when they solely looked at the previous year’s sales to estimate sales for the coming year. This an example of which management bias?

Answer 1

Answer: Influenced through initial impressions

Explanation:

Getting influenced through first impression is the phenomena in which a person is impacted through initial presentation rather than considering performance and actual information.This can generate mistakes and flaws in working or function which is detect later on.

According to the question,being influence by first impression is the biasness shown through the scenario of making financial mistake in sales records by evaluating it through previous year records.