Answer:
E. Being influenced by initial impressions
Explanation:
It is well known and practically proven that initial or first impressions have long-lasting effects. This is clearly seen in the scenario presented before us. The managers at Big Bend Inc. were thoroughly impressed by the wonderful presentation of the company such that even when the company's gross incompetence was uncovered, the managers opted to still choose the aforesaid company
The managers decision was not influenced by data, because the data clearly showed the company's incompetency but yet they were chosen. Hence, option A is wrong
The managers decision was not perpetuating the status quo, because this company had a bad reputation but they chose them nonetheless. Hence, option B is wrong
The managers were not seeking to defend prior decisions, their decision was based solely on the wonderful presentation. Hence, option C is wrong
The managers were not justifying past decisions, their decision was based solely on the wonderful presentation. Hence, option D is wrong
The managers decision was based solely on the wonderful presentation. Hence, the error made by these managers is apparent. Hence, option E is correct