Mike was auditing the accounting information system of FBN Corporation. He wanted to select a sample of transactions to verify; rather than considering all the possible choices, he used a sampling method he found easiest in school. Mike's behavior is an example of:

Question

Quizplus · Accepted Answer

Satisficing is a decision-making strategy where an individual selects the first option that meets their minimum requirements, rather than carefully considering all available options. Mike's decision to use a sampling method he found easiest in school suggests that he was satisficing.

Mike Was Auditing the Accounting Information System of FBN Corporation