____ Is the Selection of the First Minimally Acceptable Alternative

question 118

Multiple Choice

____ is the selection of the first minimally acceptable alternative.

• A) Optimization
• B) Intuitive decision making
• C) Bounded rationality
• D) Escalation of commitment
• E) Satisficing

---

Definitions:

Microprocessors

Integrated circuits that contain the basic functions of a central processing unit (CPU) of a computer, performing calculations and operations necessary to run software.

Supply Partnership

A strategic agreement between a buyer and a supplier aimed at increasing the value both parties receive from the relationship, often involving cooperation and long-term engagement.

Supply Partnerships

Long-term agreements between companies and their suppliers to work together for mutual benefit, often leading to improved efficiency and reduced costs.

Reciprocity Arrangements

Agreements between two or more parties to exchange goods or services with each other, often under mutually beneficial terms.