The ability to develop a sound opinion based on one's evaluation of the importance of the information at hand is known as:
A)Bounded rationality
B)Satisficing
C)Intuition
D)Judgment
E)Heuristics

Question

Quizplus · Accepted Answer

Judgment involves using critical thinking skills to weigh the available information and make a sound decision or opinion. Bounded rationality refers to the limited ability of individuals to process information and make completely rational decisions, while satisficing involves choosing the first option that meets minimum requirements rather than fully evaluating all options. Intuition and heuristics refer to using gut feelings and mental shortcuts to make decisions rather than fully evaluating all information.

The Ability to Develop a Sound Opinion Based on One's