In the bounded rationality model,an individual or team stops searching for alternatives as soon as an acceptable ("good enough")goal or solution is discovered.This is referred to as:
A) limited search
B) settling
C) availability phenomena
D) None of these

Question

Quizplus · Accepted Answer

Limited search is a concept within the bounded rationality model where individuals or teams stop looking for alternatives once they find an option that meets their minimum criteria or is "good enough," rather than seeking the optimal solution.

In the Bounded Rationality Model,an Individual or Team Stops Searching