Consider the following short case as you respond to the question: Amanda is a partner in a CPA firm; she supervises a staff of ten professionals, some of whom are already licensed CPAs and some of whom are still working toward licensure.She is responsible for audits of independent bookstores in California, Nevada and Arizona.Amanda is concerned that the less experienced professionals she supervises are repeating the mistakes she and the more experienced professionals on her team made when they began auditing.She therefore wants to create a knowledge management system.The less experienced accountants on Amanda's team are suffering from:
A)Relapse errors.
B)Satisficing.
C)Bounded rationality.
D)Lack of information technology.

Question

Quizplus · Accepted Answer

Relapse errors occur when individuals repeat mistakes that have been made before, often due to a lack of knowledge or experience. In this scenario, the less experienced professionals are repeating the mistakes made by Amanda and the more experienced professionals when they were new, indicating that these are relapse errors.

Consider the Following Short Case as You Respond to the Question