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Author Question: Explain the difference between optimizing and satisficing. What will be an ideal ... (Read 26 times)

wrbasek0

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on: Jul 6, 2018
Explain the difference between optimizing and satisficing.
 
  What will be an ideal response?

Question 2

A high degree of ________ encourages employees to do their jobs in ________ ways.
 
  A) formalization; flexible
  B) centralization; flexible
  C) formalization; routine
  D) decentralization; routine


JYan

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Reply #1 on: Jul 6, 2018
Answer to Question 1

Optimizing is selecting the best alternative from among multiple criteria whereas satisficing is selecting the first alternative solution that meets a minimum criterion. Decision makers satisfice when complete information is not available or gathering it is too expensive.

Answer to Question 2

C


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