With reference to decision making, satisficing involves ________.
A) identifying all possible alternative decisions
B) seeking solutions that are satisfactory and sufficient
C) evaluating all possible alternatives objectively
D) selecting the best option with the highest utility
E) using an unconscious decision-making process created from distilled experience

Question

Quizplus · Accepted Answer

Satisficing involves choosing a solution that is satisfactory and sufficient rather than the best possible option. It is a decision-making strategy where the decision-maker selects the first option that meets their minimum criteria instead of evaluating all possible alternatives objectively.

With Reference to Decision Making, Satisficing Involves ________