Which of the following approaches to decision making involves selecting the first alternative that meets the decision maker's current level of aspiration?
A) The minimax approach
B) The risk-averting approach
C) The synectics approach
D) The satisficing approach
E) The optimizing approach

Question

Quizplus · Accepted Answer

The satisficing approach involves selecting the first alternative that meets the decision maker's current level of aspiration, rather than searching for the optimal solution. The other approaches involve more in-depth analysis and consideration of different factors, such as risk and potential outcomes.

Which of the Following Approaches to Decision Making Involves Selecting