By Definition, a Firm That Practices Satisficing

question 232

Multiple Choice

By definition, a firm that practices satisficing

• A)maximizes its sales, not its profits.
• B)makes acceptable decisions, though not necessarily optimal ones.
• C)satisfies government guidelines instead of consumer demands.
• D)minimizes the cost of gathering enough information to make an optimal decision.

---

Definitions:

Tertiary

Pertaining to the third order, stage, level, or degree in a sequence.

Trait Theorists

Psychologists who study personality, focusing on the identification and measurement of consistent behavior patterns referred to as traits.

Biological

Pertaining to the processes and phenomena of living organisms or life itself.

Neo-Freudian

Refers to psychologists who accepted Freud's basic theory of psychoanalysis but modified and expanded upon it in various ways, particularly concerning social and cultural factors.