In the rational decision-making process, optimization means:
A) identifying obvious, standard alternatives.
B) choosing the alternative with the best overall expected outcomes.
C) gathering the most complete information before making the decision.
D) developing the maximum number of creative, innovative alternatives.
E) choosing an alternative that is feasible even if it is not satisfactory or has undesirable consequences.

Question

Quizplus · Accepted Answer

Even though many alternatives fail to pass the triple tests of feasibility, satisfactoriness, and affordable consequences, two or more alternatives may remain. Choosing the best of these is the real crux of decision making. One approach is to choose the alternative with the optimal combination of feasibility, satisfactoriness, and affordable consequences; this is known as optimization.

In the Rational Decision-Making Process, Optimization Means