Which of the following is not one of the factors that influence a satisficing decision?
A) limited search for alternatives
B) inadequate problem definition
C) limited information
D) a certain environment

Question

Quizplus · Accepted Answer

A satisficing decision is made under conditions of bounded rationality, where decision-makers settle for a satisfactory solution rather than an optimal one. This often involves limited search for alternatives, inadequate problem definition, and limited information due to constraints such as time, cognitive capacity, or availability of information. A certain environment, on the other hand, implies that outcomes are predictable and fully known, which does not typically limit or influence the satisficing decision process as the other factors do.

Which of the Following Is Not One of the Factors