Regarding Satisficing, Which of the Following Statements Is FALSE

question 23

Multiple Choice

Regarding satisficing, which of the following statements is FALSE?

• A)Satisficing involves engaging in behavior that achieves a minimum result, rather than maximizing the outcome of that behavior.
• B)Reading the instruction manual can prevent some aspects of satisficing.
• C)People who exhibit satisficing are just being lazy.
• D)Satisficing can be a survival skill.

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Definitions:

Rival

A term describing a good or resource that cannot be enjoyed by more than one individual or group without reducing its availability to others.

Private Good

A product or service that is excludable and rival in consumption, meaning its use is limited to paying customers and one individual's use diminishes another's ability to use it.

Cheeseburger

A cooked ground beef patty served between two slices of a bun, often with various toppings such as cheese, lettuce, and tomatoes.

National Defense

The government activities involved in defending a country against foreign threats, including maintaining armed forces and defensive measures.