Which of the following is a step in the bounded rationality decision-making process?
boil the problem down to something that is easily understood.
evaluate all the alternatives simultaneously.
pick the alternative that maximizes value.
use accurate information to evaluate alternatives.
develop an exhaustive list of alternatives to consider as solutions.

Dr. sperry, a biologist, is using excel to track growth rates of different populations of bacteria. she has a very complex formula in one cell. it begins with “round”. dr. sperry would like to see exactly how excel’s calculation reached the final rounded value that she sees in the cell. what could dr. sperry do to best understand how the calculation was made? try different formulas on her own until she reaches the value shown in excel click on the evaluate formula button in the formulas tab and then click “step in” select the cell and then look at the formula in the formula field of the ribbon remove “round” from the formula in order to see the actual value before rounding