Final answer:
The statement is true. Satisficing is a decision-making strategy where individuals choose the first option that meets a certain level of acceptability, rather than striving for the best possible outcome.
Step-by-step explanation:
The statement is True.
One of the reasons people use satisficing when making decisions rather than maximization is that it takes more information processing capacity than people possess or are willing to use to choose the best alternative.
Satisficing is a decision-making strategy where individuals choose the first option that meets a certain level of acceptability, rather than striving for the best possible outcome. This approach allows individuals to make decisions quickly and with less information processing, as they are not attempting to find the optimal solution.