Which Is the Best Worded Problem Statement

question 1

Multiple Choice

Which is the best worded problem statement?

• A)Wouldn't it be nice if I got accepted by a college that's not too expensive?
• B)How should I decide what college to attend?
• C)In what ways might I extend my education?
• D)The problem is that I can't afford to go to a really good college.

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Definitions:

Satisfice

To select the first alternative that is “good enough,” because the costs in time and effort are too great to optimize.

Bounded Rationality

A concept suggesting that individuals make decisions based on the limited information available to them and within the constraints of their cognitive capacity.

Optimizing

The process of making something as effective, perfect, or functional as possible, often by choosing the best option from a set of alternatives.

Programmed Decisions

Decisions that are routine and repetitive, often made using established guidelines or procedures.