Which option best describes decision making? it is the process of choosing an option from two or more alternatives. it is the process of choosing the best solution from various options. it is the process of finding the perfect solution from various alternatives. it is the process of solving a problem?

It is the process of choosing an option from two or more alternatives.

Explanation:

Decision making is the process whereby an individual or an organisation chooses an option from two or more alternatives.

Decision making is an important step in leadership, planning and organization.

The steps involved in Decision making are:

a. Defining and recognising the Problem of situation

b. Gathering Information and resources

c. Listing the alternatives or available options

d. Weighing and comparison of alternatives or options

e. Making a decision or choosing an alternative

f. Making a plan of action or taking action

g. Evaluating the decision you have made.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know