Match each term with the correct statement below.
-the search for and acceptance of something that is satisfactory rather than perfect or optimal
A) rational-economic model
B) ethical dilemma
C) behavioral decision model
D) bounded rationality
E) intuition
F) satisficing
G) escalation of commitment
H) vigilance
I) VJagond Yetton model

Question

Quizplus · Accepted Answer

Satisficing is a concept that describes the process of searching for and accepting an option that is satisfactory rather than optimal, reflecting a realistic approach to decision-making within the constraints of limited information and time.

Match Each Term with the Correct Statement Below