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torisob [31]
3 years ago
13

Nstead of polling all faculty members in the business​ department, Michael wants to simply use a list of testing methodologies u

sed by professors in the group. This is an example of​ _______.
Business
2 answers:
erastovalidia [21]3 years ago
8 0

Answer:

The correct answer is: satisficing.

Explanation:

Satisficing is a term coined by American economist Herbert A. Simon (1916-2001) that is a combination of the words "<em>satisfying</em>" and "<em>sufficing</em>" and that mixed Simon used to explain that when we have to make a decision generally we do not lose much time evaluating all the possible options, instead <em>we choose the first reasonable option we find</em>.

Svetllana [295]3 years ago
3 0

Answer:

satisficing

Explanation:

Satisficing is a combination of "satisfy" and "suffice" (or enough). It refers to a situation where instead of trying to reach a completely satisfying solution, you just settle for a relatively good or a so-so solution.

Personally I believe it is something that borders mediocrity, since you should either do something right or do not do it at all. It is like doing something that might work, but not completely.

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The Cole Beverage Company (CBC) has a soft drink product that has a constant annual demand of 3,600 cases per year. A case of th
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a. 480

Explanation:

The computation of the economic order quantity is given below:

EOQ = \sqrt{\frac{2\times annual \ demand \times ordering\ cost }{carrying \ cost}}  \\\\= \sqrt{\frac{2\times 3600\times \$32}{\$1} }

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