Chapter P1, Problem 11DQ

Summary Introduction

To explain:

The means by which, executives, store managers and partners would be affected by biases and errors in relation to making decisions.

Introduction:

Decisions made by various parties within organizations would be affected by certain aspects such as biases and errors. A bias is a preference shown in accepting a certain ideology. An error is a mistake that could be made when making a decision. These would affect the decision making of executives, store managers, partners as well as any party working within an organization. However, such aspects make the credibility of decisions made questionable.