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. Seeing what you want to see

B. Perpetuating the status quo

C. Being influenced by emotions

D. Being influenced by initial impressions

D. Being influenced by initial impressions

Explanation:

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. Big Bend Inc management made a bias of being influenced by initial impression of the previous year sales.

The management should had looked at the current economic, social situation at the moment and then project it into their plans because previous year success doesn't not automatically translate to the present situation neither is deficit or loss. Plans are make based on empirical situation on ground