A decision strategy that seeks to deliver an adequate solution rather than the best possible solution is referred to as ________.
A) inertia
B) rationalizing
C) satisficing
D) anchoring

Question

Quizplus · Accepted Answer

Satisficing is a decision-making strategy that aims for a satisfactory or adequate solution, rather than the optimal solution. This approach is often used when an optimal solution is impossible or impractical to find due to the complexity of the problem or time constraints.

A Decision Strategy That Seeks to Deliver an Adequate Solution