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Managers seek alternatives only until they identify one that looks satisfactory.

Managers seek alternatives only until they identify one that looks satisfactory.


Which of the following statements is/are true about the satisficing decision model?

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.

Johnson 05-Dec-2017

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