Satisficing Is the Decision-Making Strategy That

question 21

Multiple Choice

Satisficing is the decision-making strategy that:

• A)aims for adequate results when achieving optimal results may necessitate an excessive expenditure of resources.
• B)aims for optimal results in situations where the decision maker has perfect information.
• C)attempts to minimize the harm from losses rather than maximize the pleasure from gains.
• D)focuses on how one's consumption compares to the consumption of others, rather than on absolute consumption.