Managers often seek solutions that are satisfactory and sufficient. This is known as which of the following?
A)optimal decision making
B)satisfactory decision making
C)risk
D)satisficing

Question

Quizplus · Accepted Answer

This approach is known as "satisficing," a term that combines "satisfy" and "suffice." It describes a decision-making strategy where managers look for solutions that are good enough rather than optimal, due to constraints like limited time and information.

Managers Often Seek Solutions That Are Satisfactory and Sufficient