March and Simon assert that decision makers approach decisions on the basis of their own subjective definitions of the situation, and they usually ________ rather than ________.
A) satisfice; optimize
B) fanaticize; capitalize
C) optimize; satisfice
D) criticize; maximize

Question

Quizplus · Accepted Answer

March and Simon's theory of bounded rationality suggests that decision makers often settle for satisfactory rather than optimal solutions, a process they coined as "satisficing." This aligns with choice A, where the term "satisfice" is used in opposition to "optimize." Choices B and D are not relevant to March and Simon's theory, while choice C presents the opposite relationship between the terms used in the question.

March and Simon Assert That Decision Makers Approach Decisions on the Basis