If a manager stops evaluating once a satisfactory option is found and does not strive for the optimal solution, this illustrates which concept?

• A. Bounded rationality
• B. Satisficing
• C. Evidence-based management
• D. Intuition

Answer: (B)

Satisficing means choosing the first option that meets a satisfactory threshold rather than searching for the optimal solution. When the manager stops evaluating once a satisfactory option is found, they are applying a threshold-based rule to decision-making, prioritizing a good-enough outcome over perfection. This behavior fits the idea of bounded rationality—the notion that people operate under limits in time, information, and cognitive capacity—where finding the absolute best option is often impractical. Evidence-based management would involve systematically using data to pursue the best possible outcome, which isn’t described here, and intuition relies more on gut feeling than a stopping rule based on meeting a standard.