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? Multiple Choice satisficing bounded rationality brainstorming devil's advocacy

Bounded rationality

Explanation:

Decision making in its simplest sense is the act of choosing between two or more course of action, in the wider process of problem solving, decision making involves choosing between possible solutions to a problem, Decision can be made through either an intuitive or reasoned process, or a combination of the two.

Bounded rationality is that idea that we make decisions that are rational, but within the limits of the information available to us and our mental capabilities. Bounded rationality basically tones down a lot of the assumptions that goes into homo economics.

The correct answer is brainstorming

Explanation:

In decision making, brainstorming is a group decision making technique formed to increase the number of ideas and solutions possibly available for the organization to discover. The method is used to generate possible ideas to find conclusion for a particular problem. Eventually, all these ideas gathered are evaluated. It is usually used in the beginning stages of a project and final decision may not based on the ideas.

income statement is prepared in order to show the profits and loss of a business. in order to prepare the income statement she should collect all the income and expenses of the product with the cost of production.