In the context of rational decision making, which of the following is a difference between maximizing and satisficing?
A) Maximizing is choosing the best alternative, whereas satisficing is choosing a good-enough alternative.
B) Maximizing is possible when limited resources are available, whereas satisficing is possible when ample resources are available.
C) Maximizing is recommended when there are memory and expertise problems, whereas satisficing is recommended when there are no problems.
D) Maximizing involves being fast rather than thorough, whereas satisficing involves being thorough rather than fast.

Question

Quizplus · Accepted Answer

Maximizing involves selecting the best alternative, while satisficing involves accepting a good-enough alternative. This is the key difference between the two decision-making approaches. The other answer choices do not accurately differentiate between maximizing and satisficing.

In the Context of Rational Decision Making, Which of the Following