Consider the following short case as you respond to the next question: Amanda is a partner in a CPA firm; she supervises a staff of ten professionals, some of whom are already licensed CPAs and some of whom are still working toward licensure. She is responsible for audits of independent bookstores in California, Nevada and Arizona. Amanda is concerned that the less experienced professionals she supervises are repeating the mistakes she and the more experienced professionals on her team made when they began auditing. She therefore wants to create a knowledge management system.The less experienced accountants on Amanda's team are suffering from:
A)Relapse errors.
B)Satisficing.
C)Bounded rationality.
D)Lack of information technology.

Question

Quizplus · Accepted Answer

Relapse errors occur when individuals revert to old, incorrect habits after having learned new, correct ones. In this case, the less experienced accountants are repeating the mistakes that the more experienced accountants made when they first started auditing.

Consider the Following Short Case as You Respond to the Next