A manager chooses an option that is satisfactory rather than searching indefinitely for the theoretically optimal option...

Type: MCQ • Marks: 1

A manager chooses an option that is satisfactory rather than searching indefinitely for the theoretically optimal option This is:

A. Maximisation

B. Satisficing

C. Centralisation

D. Coordination

Explanation

Satisficing is a decision strategy associated with bounded rationality.

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UPSC Principal & Vice Principal Management Finance Administration

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