Multiple Choice
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
Correct Answer:
Verified
Correct Answer:
Verified
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