Satisficing Is the Tendency of

question 13

Multiple Choice

Satisficing is the tendency of

• A) people to view events as being more predictable than they really are.
• B) decision makers to be influenced by the way a situation or problem is presented to them.
• C) a group to settle on a decision that is "good enough."
• D) people to see events based on what has happened in the past.
• E) group members to agree for the sake of unanimity and thus avoid accurately assessing the decision situation.

---

Definitions:

Periodic Inventory System

An accounting method where inventory levels and cost of goods sold are determined at set periods, rather than continuously tracked.

Journal Entry

A record in accounting that represents a transaction with debit and credit amounts recorded in the ledger to maintain financial records.

Retail Business

A type of business that sells products directly to consumers, typically through various distribution channels.

Service Business

An enterprise offering services or intangible items to its clientele instead of material goods.