The Final Step in the Decision-Making Process Is the Implementation

question 11

True/False

The final step in the decision-making process is the implementation of the alternative solution.

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Definitions:

Scientific Method

A systematic and empirical approach to research, involving the collection of data, formulation and testing of hypotheses, and the development of theories.

Unbiased Development

The equitable and impartial progress in economic, social, and environmental aspects without favoritism.

Theories

Systematically organized knowledge applicable in a relatively wide variety of circumstances, especially a system of assumptions, accepted principles, and rules of procedure devised to analyze, predict, or otherwise explain the nature or behavior of a specific set of phenomena.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing to use resources in one way rather than another.