Decision making that seeks only solutions that are acceptable is called
A)optimizing.
B)satisficing.
C)benchmarking.
D)maximizing.

Question

Quizplus · Accepted Answer

Satisficing is a decision-making strategy that seeks only solutions that are acceptable or satisfactory, rather than optimal or maximizing. This means that the decision maker is willing to settle for a solution that may not be the best but satisfies the minimum requirements or criteria. Optimizing, on the other hand, seeks to find the best possible solution while maximizing involves pursuing the best possible outcome regardless of the amount of resources required. Benchmarking is a process of comparing one's business practices and performance against industry standards. Therefore, the best choice is B.

Decision Making That Seeks Only Solutions That Are Acceptable Is