The process of choosing one alternative from among many alternatives is called
A)satisficing.
B)problem solving.
C)bounded rationality.
D)decision making.
E)None of these.

Question

Quizplus · Accepted Answer

The process of choosing one alternative from among many alternatives is called decision making. Satisficing refers to choosing the alternative that meets the minimum criteria for acceptability, rather than searching for the best option. Problem solving refers to finding a solution to a specific problem. Bounded rationality refers to making decisions based on limited information and cognitive abilities.

The Process of Choosing One Alternative from Among Many Alternatives