____ occurs when managers choose an alternative that is good enough, rather than the best possible alternative.
A)Maximizing
B)Optimizing
C)Alternating
D)Budgeting
E)Satisficing

Question

Quizplus · Accepted Answer

Satisficing occurs when managers choose an alternative that meets a minimum threshold of acceptability or satisfies the minimum criteria, instead of exploring and evaluating all the possible alternatives to find the best one. This approach saves time and effort for decision-makers, but may not result in the best outcome.

____ Occurs When Managers Choose an Alternative That Is Good