A decision that chooses the first satisfactory alternative that is presented is called a(n)__________ decision.
A) OK
B) reasonable
C) satisficing
D) classical

Question

Quizplus · Accepted Answer

Satisficing decision-making is a process of searching for and selecting the first option that meets the minimum acceptance criteria, even if the decision may not be the best possible option. This method is often used when the decision-maker lacks sufficient information, time or resources to evaluate all options thoroughly.

A Decision That Chooses the First Satisfactory Alternative That Is