Problem:
Our textbook states the Bounded Rationality model of decision making assumes that managers satisfice; that is, they select the first alternative that is "good enough," because the costs of optimizing in terms of time and effort are too great. Do you consider this to be a true method of quality decision making? Explain your answer with example(s). Remember to utilize material from the course along with your own experience or observation. Resources should be cited as per APA guidelines Punctuation, syntax and grammar are important. Please try and limit your essay to 800-1000 words.