The essence of __________ is to choose the first solution alternative that satisfies minimal decision criteria.
A) bounded rationality
B) creativity
C) decision maximization
D) satisficing
E) the classical model of decision making

Question

Quizplus · Accepted Answer

The description matches the concept of "satisficing," which involves selecting the first option that meets minimum requirements or standards, rather than attempting to find the best possible solution available. Satisficing is often used in situations where time or other resources are limited, or when the costs of seeking out additional alternatives outweigh the potential benefits.

The Essence of __________ Is to Choose the First Solution