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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.
Which Offshore Patrol Vessel was recently commissioned at Goa by Indian coast guard?
Which country unveiled the world's largest gold bar weighing 300.12 kg?
Which of the following statements is true about the trade status of Japan and South Korea?
I. South Korea recently added Japan to its list of ...
Recently TATA has tied up with which public sector bank to help MSME (Micro, Small and Medium Enterprises) sector switch to solar solutions and making M...
Who has taken charge as the new Managing Director (MD) of State Bank of India (SBI).
Who was appointed as the Vice Chief of the Naval Staff in January 2024?
The Reserve Bank of India (RBI) has updated Know Your Customer (KYC) norms for politically exposed persons (PEPs) who transact with regulated entities (...
Which organization recently launched the 'Ammunition Cum Torpedo Cum Missile Barge, LSAM 20 (Yard 130)' for the Indian Navy?
Which national symbols are depicted in the design of the chambers of the new Parliament building inaugurated by Prime Minister Narendra Modi?
What is the theme of the 2024 Hornbill Festival in Nagaland, where Japan is a country partner?
