Daniel Is Starting a Small Shoe Manufacturing Company

question 68

Multiple Choice

Daniel is starting a small shoe manufacturing company. He does not want the best equipment at the moment. He just wants equipment that is good enough to work with. In this context, Daniel is _____.​

• A)​maximizing
• B)​discounting
• C)​specializing
• D)​satisficing
• E)​optimizing

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Definitions:

Interindividual Variability

Refers to the differences or variations found between different individuals in a population, such as variations in behavior, physiology, or response to treatment.

Crystallized Intelligence

The ability to use learned knowledge and experience, which tends to increase with age.

Environmental Factors

Elements outside the individual, including social, geographical, and climatic aspects, that impact their life and development.

Perceptual Speed

The ability to quickly and accurately recognize differences and similarities among objects and symbols.