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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.

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Question ajoutée par Vinod Jetley , Assistant General Manager , State Bank of India
Date de publication: 2015/04/07
Alex Al Yazouri
par Alex Al Yazouri , General Manager , Al Mushref Cooperative Society

(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.

Wasi Rahman Sheikh
par Wasi Rahman Sheikh , WAREHOUSE SUPERVISOR , AL MUTLAQ FURNITURE MFG

My choice option d) <<<<<<<<<<<<<<<<

Vinod Jetley
par Vinod Jetley , Assistant General Manager , State Bank of India

(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.

mahmoud elsaid abdelazez m e a
par mahmoud elsaid abdelazez m e a , مندوب ومشرف ادارى , شركة مونجينى للاغذية والخدمات

choice option (d) search for the perfect or ideal decision is true with respect to rational decision making.

Nasir Hussain
par Nasir Hussain , Sales And Marketing Manager , Pakistan Pharmaceutical Products Pvt. Ltd.

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.................

Tazkiyah Nooreen latona
par Tazkiyah Nooreen latona , ADMINISTRATIVE OFFICER , ALERT SECURITY SERVICES LTD

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.

Utilisateur supprimé
par Utilisateur supprimé

Agree with Mrs . Tazkiyah

Thank you

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