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.

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Definitions:

Limit Order Book

A record of all open buy and sell orders for a specific security or asset, organized by price level.

Market Buy Order

An order to purchase a security immediately at the best available current price.

Last Trade

The most recent transaction that occurred for a specific security on a trading platform.

Limit Order Book

A record of all the open buy and sell orders for a particular security at various prices.