The CEO of a company decided to leave Connecticut because the taxes were some of the highest in the country.He limited the search for a new location to Georgia,South Carolina,and North Carolina because taxes are much better there and the cost of living is about 20 percent cheaper.Some employees felt there were more factors to consider.The CEO engaged in
A) satisficing.
B) equifinality.
C) bounded efficiency.
D) optimization.
E) nominal decision making.

Question

Quizplus · Accepted Answer

The CEO is satisficing, meaning they are making a decision that is "good enough" based on limited options and criteria (in this case, limiting the search to three states based on taxes and cost of living without considering other factors). This is different from optimization, which would involve searching for the absolute best option without limitations.

The CEO of a Company Decided to Leave Connecticut Because