What is the primary goal of satisficing in decision-making?
Satisficing

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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To achieve a satisfactory result with minimal effort
To ensure the highest quality outcome
To find the most cost-effective solution
To explore all possible options thoroughly
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do organizations typically implement satisficing?
By choosing the most innovative solution
By involving all stakeholders in the decision process
By selecting options that require the least resources
By prioritizing long-term benefits over short-term gains
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When does satisficing become a cognitive bias?
When it is used intentionally to save time
When it involves extensive research and analysis
When it leads to the best possible outcome
When it is done without awareness or intention
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential drawback of satisficing?
It always results in the best decision
It is only applicable in small organizations
It requires too much time and effort
It can lead to suboptimal performance
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why might individuals be unaware of their satisficing tendency?
Because they rely on data-driven decisions
Because they always seek the optimal solution
Because they are focused on long-term goals
Because they are not conscious of their decision-making process
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