The decision-making strategy that aims for adequate results because optimal results may necessitate excessive expenditure of resources is known as:
A)the present-aim standard of rationality.
B)satisficing.
C)loss aversion.
D)the adaptive rationality standard.

Question

Quizplus · Accepted Answer

The decision-making strategy that aims for adequate results because optimal results may necessitate excessive expenditure of resources is known as satisficing.

The Decision-Making Strategy That Aims for Adequate Results Because Optimal