With reference to decision making, which of the following does satisficing involve?
A) finding optimal solutions to problems
B) weighing each criteria before making a decision
C) seeking solutions that are satisfactory and sufficient
D) scrutinizing and evaluating each alternative in detail
E) selecting the best option with the highest utility

Question

Quizplus · Accepted Answer

Satisficing involves seeking solutions that are satisfactory and sufficient, rather than trying to find the optimal solution. It involves choosing an option that meets a certain level of acceptance, rather than scrutinizing and evaluating each alternative in detail or selecting the best option with the highest utility.

With Reference to Decision Making, Which of the Following Does