Satisficing refers to making a(n) __________ rather than a(n) __________ decision.
A) intuitive, rational
B) short-term, long-term
C) correct, incorrect
D) optimal, satisfactory
E) satisfactory, optimal

Question

Quizplus · Accepted Answer

Satisficing refers to making a satisfactory decision rather than the optimal decision. It means accepting a solution that is "good enough" and meets the criteria rather than continuing to search for the best possible option. This approach saves time and effort, but may also result in missed opportunities to find a better solution. Therefore, the best answer is E, which correctly identifies satisfactory as the decision-making approach associated with satisficing.

Satisficing Refers to Making A(n) __________ Rather Than A(n) __________

Satisficing Refers to Making A(n) Rather Than A(n)