ketone Posted May 19, 2015 Report Share Posted May 19, 2015 Btw this years paper 3 is much worse than the past. So many uncertainties how do we define 'satisficing' 1 Reply Link to post Share on other sites More sharing options...
vish97 Posted May 21, 2015 Report Share Posted May 21, 2015 Btw this years paper 3 is much worse than the past. So many uncertainties how do we define 'satisficing'So since most businesses today are limited companies, they are owned by shareholders and not the managers who run the business. These managers earn a fixed salary irrespective of how much profit the companies make. So satisficing is when these managers work to earn enough profits that would satisfy the shareholders. Reply Link to post Share on other sites More sharing options...
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