Satisficing Means Selecting the First Alternative That Is "Good Enough

question 75

True/False

Satisficing means selecting the first alternative that is "good enough," because the costs in time and effort are too
great to optimize.

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Definitions:

Psychological Contract

An unwritten agreement that defines the mutual expectations, obligations, and benefits between an employer and an employee.

Encounter Stage

The phase during which a new employee learns the values, skills, and behaviors necessary to participate effectively within an organization.

Psychological Contract

An unwritten agreement that represents the mutual beliefs, perceptions, and informal obligations between an employer and an employee.

Inflated Positive Expectations

An overly optimistic view or anticipation of outcomes that might not be realistic, often leading to disappointment.