Which of the following is the best definition for the word satisfice?
A) Very satisfying
B) Requires a perfect solution
C) Accepts a less than perfect solution
D) Not sufficient
Correct Answer:
Verified
Q23: A heuristic can simplify the decision-making process.
Q29: Identifying the right problem and failing to
Q30: A basketball coach who takes a very
Q31: Unconscious reasoning is synonymous with _.
A)intuitive decision
Q32: A person who satisfices fails to _.
A)understand
Q33: It is assumed that a rational decision
Q35: Because heuristics are considered 'rules of thumb',
Q36: Bounded rationality recognises that managers are cognitively
Q38: What does it mean for a decision
Q39: The term 'good enough' pertains to _.
A)subconscious
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents