Asked by Dellvon Koolkid on May 23, 2024

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In the_____,an individual or team stops searching for alternatives as soon as an acceptable goal or solution is discovered.

A) bounded rationality model
B) balancing interests principles
C) equitable outcome principles
D) situational-effect model

Bounded Rationality Model

A model that suggests that individuals make decisions based on a limited amount of information and through a simplification of complex problems, constrained by their cognitive limitations.

Equitable Outcome

A result or conclusion of a process that is deemed fair and just, ensuring equal treatment and opportunities for all involved parties.

Alternatives

Different options or strategies available for achieving a desired outcome or solving a problem.

  • Gain insight into the concept of satisficing and its function in the decision-making process under bounded rationality.
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Lekshmi SudhaMay 24, 2024
Final Answer :
A
Explanation :
This describes the concept of bounded rationality, where decision-makers have limited time, resources, and information, so they settle for the first acceptable solution rather than exhaustively exploring all alternatives.