Herbert Simon has concluded that decision making in industry is often best described as
A)optimizing behavior.
B)profit maximizing.
C)satisficing.
D)saturating.

Question

Quizplus · Accepted Answer

Herbert Simon introduced the concept of satisficing, which refers to decision-making that focuses on finding a solution that is satisfactory, rather than optimizing or maximizing behavior. In other words, decision-makers are more interested in finding an acceptable solution rather than the best possible one. Therefore, the best choice is C, satisficing.

Herbert Simon Has Concluded That Decision Making in Industry Is