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I. Managers seek alternatives only until they identify one that looks satisfactory. II. Managers search for the perfect or ideal decision. III. It is appropriate when the cost of searching for a better alternative exceeds the potential gain that is likely by following the satisficing approach. (a) Only (I) above (b) Only (II) above (c) Only (III) above (d) Both (I) and (III) above (e) Both (II) and (III) above.
(d) >>>>>>>>>>> Both (I) and (III) above
I. Managers seek alternatives only until they identify one that looks satisfactory.
III. It is appropriate when the cost of searching for a better alternative exceeds the potential gain that is likely by following the satisficing approach.
My choice option d) <<<<<<<<<<<<<<<<
(d)
The following statements are true about the satisficing decision model: I. Managers seek alternatives only until they identify one that looks satisfactory. III. It is appropriate when the cost of searching for a better alternative exceeds the potential gain that is likely by following the satisficing approach. Statement (II) Managers search for the perfect or ideal decision is true with respect to rational decision making.
choice option (d) search for the perfect or ideal decision is true with respect to rational decision making.
BOTH options are correct..................................................
1- Managers seek alternatives only until they identify one that looks satisfactory................
2- It is appropriate when the cost of searching for a better alternative exceeds the potential gain that is likely by following the satisfying approach.................
according to the definition of satisficing which is a decision making strategy that entails search through the available alternatives until an acceptability threshold is met. Thus, considering this piece of data we can conclude that the answer is (d)1. Managers seek alternatives only until they identify one that looks satisfactory
3.It is appropriate when the cost of searching for a better alternative exceeds the potential gain that is likely by following the satisficing approach.
any decision must definitely leads to the potential gain of the business.
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