Biases:
A) Are issues about which managers have doubts
B) Do not impact accounting information, which is highly objective and reliable
C) Are preconceived notions developed without careful thought
D) Are rarely a problem in business decision making

Question

Quizplus · Accepted Answer

Biases are preconceived notions that can affect decision making. Accounting information may be objective, but biases can still impact how managers interpret and use that information.