Final answer:
The approach where facts are gathered and analyzed as the initial step in decision making is "d) Data-Driven Decision Making."
Step-by-step explanation:
Data-driven decision making involves gathering and analyzing factual information as the primary basis for making informed choices. It prioritizes empirical evidence, using data to derive insights, identify patterns, and make decisions based on these observations. This method goes beyond merely collecting data; it emphasizes extracting meaningful conclusions and actionable insights from the information gathered.
By relying on empirical analysis and factual evidence, organizations can minimize bias, make more informed decisions, and optimize their strategies to align with observed trends and patterns in the data. So, the approach described aligns most closely with "d) Data-Driven Decision Making." The essence of this approach is in harnessing factual data to drive decisions, making it the hallmark of "Data-Driven Decision Making."
Correct answer: d) Data-Driven Decision Making.