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    Understanding Management Study Set 2
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    Exam 6: Managerial Decision Making
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    Which Error Occurs When Managers Allow Initial Impressions, Statistics, or Estimates
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Which Error Occurs When Managers Allow Initial Impressions, Statistics, or Estimates

Question 1

Question 1

Multiple Choice

Which error occurs when managers allow initial impressions, statistics, or estimates to control or excessively influence subsequent thoughts and decisions? 


A) Confirmation bias
B) Fundamental attribution error
C) Anchoring bias
D) Self-serving bias
E) Sunk cost effect

Correct Answer:

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