Decision making that seeks only solutions that are acceptable is called
A. optimizing.
B. satisficing.
C. benchmarking.
D. maximizing.
Answer: B
You might also like to view...
If the present value equation used to calculate the price of a stock you are considering buying is "[$12 / (0.05 - 0.02)]," which of the following is correct, assuming that dividends will grow at a constant rate?
A) The dividend is $12 per share, the dividend growth rate is 5 percent, and the interest rate is 2 percent. B) The dividend is $12 per share, the dividend growth rate is 2 percent, and the interest rate is 5 percent. C) The stock price is $12, the dividend growth rate is 5 percent, and the interest rate is 3 percent. D) The stock price is $12, the dividend growth rate is 2 percent, and the interest rate is 5 percent.
When President Harry Truman said that he wanted to find a one-armed economist because his economic advisors always said, "On the one hand... and on the other hand... " he recognized that the advice of economists is often open to more than one interpretation. Why is this? a. Economists cannot make up their minds on policy matters
b. Economists agree with each other on all policy issues. c. Economists are aware that tradeoffs are involved in most policy questions. d. Economists are often unable to identify the critical questions involved in policy issues.