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. Of which of the following management biases is this an example?
A. Seeing what you want to see
B. Perpetuating the status quo
C. Being influenced by emotions
D. Being influenced by initial impressions

Answer 1

Answer:

B. Perpetuating the status quo

Explanation:

The status quo is the current state of affairs. The manager preferred to safely quote the previous sales as future estimate. The previous sales in this case represents the status quo.