Asked by Mackenzie Kiernan on May 04, 2024
Verified
A decision that chooses the first acceptable alternative that comes to one's attention is called a(n) ___ decision.
A) optimizing
B) fully informed
C) influential
D) satisficing
E) absolute best
Satisficing Decision
A decision-making process that seeks a satisfactory rather than an optimal solution, prioritizing adequate over perfect results due to limitations.
Acceptable Alternative
An option deemed suitable or satisfactory for achieving a goal, often considered in decision-making processes.
- Acknowledge the importance of intuition and the concept of satisficing within the realm of uncertain decision-making scenarios.
Verified Answer
MJ
Morgan JohnsonMay 06, 2024
Final Answer :
D
Explanation :
A satisficing decision is one in which the decision maker chooses the first alternative that meets a minimum threshold of sufficiency, rather than seeking to optimize or find the absolute best alternative. This can be a useful strategy when time, resources, or information are limited.
Learning Objectives
- Acknowledge the importance of intuition and the concept of satisficing within the realm of uncertain decision-making scenarios.
Related questions
Adriana IsnotKeen on Collecting Facts and Information While ...
A(n) ___ Decision Chooses the Alternative That Gives the Absolute ...
When a Manager Chooses the First Satisfactory Alternative That Comes ...
In the Context of Decision Making, _____ Has Been Described ...
Which of the Following Statements Is FALSE Regarding Intuition ...