The Type of Decision Making in Which the Solution Is

question 129

Multiple Choice

The type of decision making in which the solution is considered 'good enough' is known as which of the following?

• A)intuition
• B)rational
• C)maximising
• D)satisficing
• E)'gut feeling'

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Definitions:

Accumulated Depreciation

Accumulated depreciation is the total amount of depreciation expense that has been recorded against a fixed asset over its useful life.

Straight-Line Depreciation

An approach to spreading out the expense of a tangible asset uniformly over the asset's operational life on a yearly basis.

Balance Sheet

A balance sheet is a financial statement that provides a snapshot of a company's financial position at a particular time, listing assets, liabilities, and shareholders' equity.

Net Income

Total revenue minus total expenses, indicating the profit earned by a company in a specific period.