Gloria, as the executive assistant to the President of a small company, has a large number of decisions to be made by the end of the week. One of the decisions she has to make today is which paper clips to purchase for the office. She looks at the office supply catalog and picks the first one she sees that is priced acceptably. In line with bounded rationality decision making, Gloria is using to make her decision.

Satisficing

Explanation:

Satisficing could be described as a decision making method where a manageable result is chosen rather than the optimal solution. The aim of choosing such is just to go with it for the moment before better options are either tested, affordable or reliable. Some managers consider this method of administration, in order to make decisions on time than having backlog of works which might time to get a proper or perfect conclusion.

Satisficing is a decision-making strategy that aims for a satisfactory or adequate result, rather than the optimal solution.