The practice of using decision-making shortcuts to arrive at satisfactory,rather than optimal,decisions is called _____.
A) modeling
B) satisficing
C) shilling
D) shaping
E) renquing

Question

Quizplus · Accepted Answer

Satisficing refers to the practice of using decision-making shortcuts to arrive at satisfactory, rather than optimal, decisions. It involves selecting a course of action that meets the minimum requirements for solving a problem, rather than trying to find the best possible option. The focus is on finding a solution that is good enough, rather than the best possible solution. A common example of satisficing is when a consumer chooses a product that meets their needs and budget, rather than spending time and effort finding the best product on the market.

The Practice of Using Decision-Making Shortcuts to Arrive at Satisfactory,rather