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 management bias is this an example?
A) Being influenced by emotions
B) Perpetuating the status quo
C) Seeing what you want to see
D) Justifying past actions
E) Being influenced by initial impressions

Question

Quizplus · Accepted Answer

This is an example of being influenced by initial impressions, as they relied solely on past sales data without considering other factors that could affect future sales.

Finance Managers at Big Bend Inc