James March and Herbert Simon use the term ______ to describe how decision makers simplify the process by screening out silly options and stop searching when they come upon a satisfactory alternative, even if it is not an exhaustive search.
A) rational
B) externalities
C) satisficing
D) spillover

Question

Quizplus · Accepted Answer

March and Simon's term is satisficing, which means making a decision that is satisfactory or "good enough" rather than seeking the optimal solution. Therefore, option C, satisficing, is the correct answer.

James March and Herbert Simon Use the Term ______ to Describe