Settling for something we know may not be the best possible choice but that meets our needs is known as 'satisficing'.

Name: Settling for something we know may not be the best possible choice but that meets our needs is known as 'satisficing'.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is true. Satisficing is a decision-making strategy where we settle for an option that is satisfactory and meets our minimum requirements, even if it may not be the optimal or best possible choice.

Settling for Something We Know May Not Be the Best