According to the textbook, because managers can't possibly analyse all information on all alternatives, managers ________, rather than ________.
A)maximise; satisfice
B)maximise; minimise
C)satisfice; minimise
D)satisfice; maximise
E)minimise; satisfice

Question

Quizplus · Accepted Answer

The concept of satisficing suggests that managers will choose an option that meets an acceptable level of performance rather than trying to find the optimal solution. Maximizing is a process of analyzing all information to choose an option that provides the highest level of performance. This makes options A and B incorrect. Minimizing does not relate to the decision-making process described in the question, so option E is incorrect. Therefore, option D is the correct choice.

According to the Textbook, Because Managers Can't Possibly Analyse All