Which of the Following Is True About Satisficing

question 75

Multiple Choice

Which of the following is true about satisficing?

• A)It occurs when individuals settle for the first acceptable alternative instead of seeking the best possible decision.
• B)It occurs when information that is more handy is incorrectly assessed to also be more likely.
• C)It occurs when good outcomes are attributed to personal characteristics but undesirable outcomes are attributed to external circumstances.
• D)It occurs when the way information is presented alters the decision an individual will make.
• E)It occurs when individuals have more faith in their abilities to predict an event than logic suggests is actually possible.

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Definitions:

Illegal Dumping

The improper disposal of waste at a non-approved location.

Duty of Loyalty

is an ethical and legal obligation requiring individuals, often corporate directors or employees, to act in the best interest of their company or employer, avoiding conflicts of interest.

Duty of Care

A legal obligation imposed on individuals or entities requiring adherence to a standard of reasonable care to prevent harm to others.

Illegal Dividends

Dividends distributed by a company despite it not having sufficient profits or legally available capital, violating corporate law or its own articles of incorporation.