When a Manager Makes a "Satisficing" Decision They Have Made

question 27

Multiple Choice

When a manager makes a "satisficing" decision they have made

• A) the optimal decision.
• B) an acceptable but not optimal decision.
• C) an unacceptable and inappropriate decision.

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Definitions:

Transaction Quickly

The swift completion of a business deal or financial exchange, minimizing time and maximizing efficiency.

Predictor of Behaviour

An indicator or factor that can be used to forecast future actions or tendencies of individuals or groups.

Theory of Reasoned Action

A psychological theory that predicts an individual's behavior based on their intention to engage in that behavior, influenced by attitudes and societal expectations.

Subjective Norms

The perceived social pressure to perform or not perform a particular behavior, influenced by the beliefs of significant others.