Final answer:
The correct choice that accurately explains instances where managers only look to obtain satisfactory returns is adopting a satisficing strategy. The correct option is: c) Adopting a Satisficing Strategy.
Step-by-step explanation:
The correct choice that accurately explains instances where managers only look to obtain satisfactory returns is c) Adopting a Satisficing Strategy.
A satisficing strategy is when managers make decisions that are good enough to achieve a satisfactory outcome, rather than trying to maximize profits or pursue strategic success. It involves finding a solution that meets the minimum criteria or expectations set by the manager, rather than aiming for the best possible outcome.
For example, a manager may choose to invest in a project that is expected to generate a moderate level of return, rather than taking on higher risks or investing in projects with uncertain outcomes in pursuit of maximum profit or strategic success.