Final answer:
The statement is True; the process described is known as problem-solving, which involves identifying problems, analyzing alternatives, selecting strategies, and monitoring solutions.
Step-by-step explanation:
The statement that the system of identifying issues, determining alternatives for dealing with them, and then selecting and monitoring a strategy for resolution is called problem-solving is True. This systematic approach is fundamental in many areas, including business, engineering, and everyday life. The problem-solving process often involves several steps, which include but are not limited to clearly identifying the problem, analyzing possible alternatives, selecting an appropriate strategy, and monitoring the solution for effectiveness.
For instance, engineers are trained to use a systematic approach to problem-solving that includes the analysis and evaluation of alternate solutions. Moreover, in fields such as physics, selecting a system is a critical step not only in solving problems but also in understanding the situation comprehensively. Whether it's dealing with a complex mathematical problem or a more practical issue like a malfunctioning printer, problem-solving strategies like trial and error or more analytical methods are applied to reach a resolution.