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Satisficing is a decision-making process in which an individual makes a choice that is satisfactory rather than optimal.2It would require a great deal of effort – and may not even be possible – to gather all the necessary information in order tomake the best decision, and satisficing thus represents the kinds of decisions we are actually capable of making. Satisficing is all about making ‘good enough’ decisions instead of perfect ones.
Graphite is used in which of the following applications?
Identify the organization that introduced the Trade Enablement & Marketing (TEAM) scheme, featuring a budget of Rs 277.35 crore to bolster Micro and Sma...
World Health Organization (WHO) backs plan to turn which of the following city of Madhya Pradesh into a 'healthy city'?
What was the primary reason for the ₹115.86 crore penalty imposed on IndiGo by GST authorities?
When and where was the first edition of the Women’s Junior Asia Cup held?
What is the primary purpose of the Mobile Number Revocation List (MNRL) introduced by the RBI?
Why does water boil at lower temperatures on hills?
What is the technological innovation of Google’s GenCast AI model in weather forecasting?
How many rural habitations will receive all-weather connectivity under Phase IV of PMGSY?
