In the Administrative Model of Decision Making,when the Number of Possible

question 37

Multiple Choice

In the administrative model of decision making,when the number of possible alternatives to a decision is so large that the manager cannot possibly evaluate all of them before making a decision,which of the following has occurred?

• A) Satisficing
• B) Bounded rationality
• C) Brainstorming
• D) Devil's advocacy
• E) Optimum decision making

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Definitions:

Effective Interest Method

A technique used in accounting to allocate interest expense or income over the life of a financial instrument at a constant interest rate.

Semiannually

Occurring twice a year, typically every six months.

Discount Amortized

The process of gradually reducing the discount on bonds payable over the life of the bonds as an interest expense.