______________is accepting solutions that are "good enough".Choices:- Bounded rationality Satisficing Escalation of commitment None of the above

The concept that is accepting solutions that are "good enough" is known as Satisficing.

Explanation:

Satisficing is a decision-making strategy that aims for a satisfactory or adequate result, rather than the optimal solution. This approach is especially useful in complex situations where searching for the best possible outcome may be time-consuming or infeasible.

1. Bounded rationality refers to the limitations in decision-making due to the constraints on cognitive resources, limited information, and time.
2. Escalation of commitment describes a situation where individuals continue to invest in a failing course of action.
3. None of the above does not apply as satisficing directly fits the description.

Ultimately, satisficing is a practical approach in many real-world situations, where seeking perfection may not be necessary or possible.