Final answer:
The correct answer is A. Polling your friends for their opinions. The decision-making process involves several steps, such as identifying the goal/resource used, identifying alternatives, and identifying the opportunity cost.
Step-by-step explanation:
The correct answer is A. Polling your friends for their opinions. The decision-making process involves several steps, such as identifying the goal/resource used, identifying alternatives, and identifying the opportunity cost. However, polling your friends for their opinions is not a step in the decision-making process. It may be helpful to gather information and perspectives from others, but ultimately the decision should be based on your own analysis and evaluation of the situation.
The step that is not part of the Decision Making Process is polling friends for opinions. The formal steps involve identifying goals and resources, considering alternatives, and understanding opportunity costs. A cost/benefit analysis is also a key part of making an informed decision.
The step which is NOT a part of the Decision Making Process is A. Polling your friends for their opinions. Decision making typically involves the following steps:
C. Identify Alternatives - Considering all the different options that are available to achieve your goal.
D. Identify the Opportunity Cost - Understanding the most valuable forfeited option when a particular decision is made.
Polling friends for opinions may informally influence a decision, but it isn't a formal step in the process which is more analytical and systematic. As another key element in decision making, conducting a cost/benefit analysis involves evaluating the sacrifices against the gains from a particular action to aid in making a choice. These steps help to make decisions that balance out the costs and the benefits in an effective manner.