Donald Davis has to decide what pickup trucks to buy for his extermination company employees to drive.There are eight different manufacturers and countless models from which to choose.He stops at a Dodge dealership and selects the full-sized model because he does not have much time to spend shopping and because this truck will do the job.What term Herbert Simon use to describe Davis' decision-making actions?
A) Decision framing
B) Satisficing
C) Escalation of commitment
D) Innovation
E) Bounded rationality

Question

Quizplus · Accepted Answer

The term used by Herbert Simon to describe Davis' decision-making actions is "satisficing," which means selecting the first option that meets the minimum requirements or goals, rather than spending time to find the optimal or best solution. In this case, Davis selects the full-sized Dodge model because it meets his minimum requirements and he does not have the time or resources to shop around for the best option. Therefore, the best choice is B.

Donald Davis Has to Decide What Pickup Trucks to Buy