For decisions made under conditions of low uncertainty, managers may develop only one of two custom solutions that will satisfice for handling the problem.

Question

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Satisficing means choosing the first acceptable solution that meets the minimum criteria, rather than the optimal solution. This approach is appropriate when the level of uncertainty is low and managers do not need to spend time and resources on exploring all possible options. Therefore, they may develop one or two solutions that are good enough to handle the problem.

For Decisions Made Under Conditions of Low Uncertainty, Managers May