Because managers can't possibly analyze all information on all alternatives, managers ________, rather than ________.
A) maximize; minimize
B) satisfice; maximize
C) satisfice; minimize
D) maximize; satisfice

Question

Quizplus · Accepted Answer

Managers often satisfice, meaning they seek a solution that is good enough, rather than maximizing, which would involve finding the optimal solution, due to constraints like time and resources.

Because Managers Can't Possibly Analyze All Information on All Alternatives