________ occurs when an individual makes a decision that is not optimal,but is good enough.
A)Loss aversion
B)Satisficing
C)Intuition
D)Bias
E)Unrealistic optimism

Question

Quizplus · Accepted Answer

Satisficing is a decision-making strategy that entails searching through the available alternatives until an acceptability threshold is met. It is often used when an optimal solution is not necessary or when limited time and resources make finding the optimal solution impractical.

________ Occurs When an Individual Makes a Decision That Is