Absenteeism has become a problem at the Smelly Cheese Company, so the human resource manager has decided to do something about it.He has decided to choose the first solution he comes across that will get the level of absenteeism to what it was in the previous year.What is this an example of?
A)Anchoring effect
B)Satisficing
C)Sunk costs
D)Framing
E)Confirmation bias

Question

Quizplus · Accepted Answer

This is an example of satisficing, which is a decision-making strategy that entails searching through the available alternatives until an acceptability threshold is met. The human resource manager is not looking for the best solution, but rather the first one that meets the minimum criteria of reducing absenteeism to the previous year's level.

Absenteeism Has Become a Problem at the Smelly Cheese Company