____ means organizations accept a satisfactory rather than a maximum level of performance, enabling them to achieve several goals simultaneously.
A) Satisficing
B) Bounded rationality
C) Problem consensus
D) Escalating commitment

Question

Quizplus · Accepted Answer

Satisficing refers to accepting a satisfactory level of performance rather than striving for a maximum level. This approach allows organizations to achieve multiple goals simultaneously by balancing trade-offs and not getting stuck in analysis paralysis. Bounded rationality is a related concept that recognizes the limitations of human cognition in decision-making. Problem consensus refers to a shared understanding of the problem among stakeholders, and escalating commitment refers to the tendency to continue investing in a failing course of action.

____ Means Organizations Accept a Satisfactory Rather Than a Maximum