1)When is satisficing an appropriate decision making method?

Select one:

Never

When the likely payoff outweighs the cost of delaying the decision

Always

When there is no cost to delaying the decision

When the cost of delaying a decision outweighs the likely

2)What is satisficing?

Select one:

accepting the first solution presented, rather than continuing to search for an optimal solution

accepting alternatives that dissatisfy everyone, rather than continuing to search for an optimal solution

accepting an optimal solution

accepting unsatisfactory alternatives

accepting satisfactory alternatives, rather than continuing to search for an optimal solution