Asked by Andrea Garay on May 12, 2024
Verified
When a manager chooses the first satisfactory alternative that comes to his or her attention during the decision-making process, ___ occurs.
A) rationalization
B) intuition
C) satisficing
D) optimization
E) utilitarianism
Satisficing
A decision-making strategy that aims for a satisfactory or adequate result, rather than the optimal solution, due to constraints like time or information.
Decision-Making Process
The steps or stages involved in choosing a course of action from several alternatives, typically involving problem identification, analysis, and the selection of the best solution.
- Understand the function of intuition and satisficing when making decisions in the context of uncertainty.
Verified Answer
Learning Objectives
- Understand the function of intuition and satisficing when making decisions in the context of uncertainty.
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