Lila frequently accepts a solution that is sufficient rather than spending more time looking for a perfect or optimal solution. Lila's behavior can best be described as
A) intuition.
B) escalation of commitment.
C) satisficing.
D) bounded rationality.
E) irrational.

Question

Quizplus · Accepted Answer

Lila's behavior is an example of satisficing, which is a decision-making strategy that entails searching through the available alternatives until an acceptability threshold is met. This approach is often used when an optimal solution is not necessary or when limited by time or information.

Lila Frequently Accepts a Solution That Is Sufficient Rather Than