Satisficing Is When Managers Fail to Explore All the Possible

question 91

True/False

Satisficing is when managers fail to explore all the possible alternatives and choose one that only minimally solves the problem.

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Definitions:

Elements

Basic constituents or components of a whole.

Significance

The quality of being worthy of attention; importance, or the degree to which a result from data is not likely to occur by random chance.

Ethical Guidelines

Principles designed to assist professionals in conducting their business or activities in a morally correct manner.

Training Program

A structured course of activities designed to enhance the knowledge, skills, and competencies of individuals for a specific purpose.