Multiple choice

Which one of the following statements is incorrect in respect of Simon's decision-making theory?

  1. Deciding is as important as doing

  2. Decisions are in the final analysis composite

  3. Administrative man maximises

  4. There is always a means-ends relationship

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Herbert Simon argued that the 'administrative man' does not maximize (which is the assumption of the 'economic man') but rather 'satisfices', meaning they choose the first alternative that meets their minimum criteria.