Question

What term is used to indicate that a decision-maker chose the first solution alternative that satisfied minimal decision criteria?

A) Maximizing solution
B) Satisficing solution
C) Optimal solution
D) Compromise solution

Answer 1

The term used to indicate that a decision-maker chose the first solution alternative that satisfied minimal decision criteria is b. Satisficing solution.

Step-by-step explanation:

The term used to indicate that a decision-maker chose the first solution alternative that satisfied minimal decision criteria is b. Satisficing solution.

This term refers to the decision-making process where the decision-maker aims to find a solution that is satisfactory and meets the minimum requirements, rather than maximizing or optimizing the outcome. It involves selecting the first option that meets the necessary criteria, instead of spending more time and effort to find the best possible solution.