Question

Which of the following refers to the tendency to select a solution that is good enough rather than the best?

a) Post-decisional justification
b) Satisficing
c) Selective attention
d) Evaluation apprehension
e) Maximizing

Answer 1

Satisficing refers to the tendency to select a solution that is good enough rather than the best. It is a decision-making strategy that involves accepting a solution that meets the minimum criteria or satisfies a certain level of expectation, without necessarily searching for the optimal solution.

Step-by-step explanation:

Satisficing refers to the tendency to select a solution that is good enough rather than the best. It is a decision-making strategy that involves accepting a solution that meets the minimum criteria or satisfies a certain level of expectation, without necessarily searching for the optimal solution. For example, if someone is looking to buy a new phone, they might decide to purchase the first one that meets their basic requirements, such as a good camera and enough storage space, rather than spending more time researching and comparing all available options to find the absolute best phone on the market.