Satisficing Occurs When Decision Makers

question 20

Multiple Choice

Satisficing occurs when decision makers:

• A) select the first alternative that comes along.
• B) select a good alternative instead of continuing to search for the optimal choice.
• C) begin with a solution instead of a problem.
• D) select a few alternatives that differ only slightly from the status quo.

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Definitions:

Joint Effort

Collaboration and shared work between individuals or groups to achieve a common objective.

Technical Skills

Specific abilities or expertise related to the practical application of scientific or specialized activities, often associated with mechanical, IT, or scientific tasks.

Top Executives

Top executives are individuals who hold the highest-level management positions within an organization, responsible for strategizing and making critical decisions.

Middle Managers

Individuals within an organization who manage front-line employees and implement strategies and policies dictated by top management.