Final answer:
The Decision Table is the decision-making component used for implementing hard rules by setting specific conditions and rules in a tabular format to guide structured decisions.
Step-by-step explanation:
In the context of decision-making processes in business, the component used to implement hard rules is the Decision Table. A Decision Table is a tabular representation of rules against conditions that help in making structured decisions. For example, if a bank has to decide whether to approve a loan, it may set hard rules based on credit score, income, and employment status, all of which can be organized into a Decision Table to determine the eligibility of loan applicants.
Other options like Prioritize, Adaptive Model, and Eligibility may also be part of a decision-making process, but they have different functions. Prioritize is used to sort options based on certain criteria, an Adaptive Model could be used for more predictive decisions that adapt over time with more data, and Eligibility would be a component to check if certain criteria or conditions are met.