Seeking a satisfactory rather than an ideal choice in decision making is termed __________.
A) optimizing
B) minimizing
C) maximizing
D) satisficing

Question

Quizplus · Accepted Answer

Satisficing is the concept of making a decision that is satisfactory or acceptable, rather than trying to find the perfect or ideal solution. This approach acknowledges that in real-life situations, it may be impossible or impractical to always find the best option, and instead focuses on identifying a solution that meets the minimum criteria or requirements.

Seeking a Satisfactory Rather Than an Ideal Choice in Decision