The correct answer is B. decision-making.
Decision-making is the process of choosing between two or more alternatives. It is a complex process that involves many factors, such as the decision-maker’s values, beliefs, and goals. The decision-making process can be divided into four steps:
- Identifying the problem or opportunity.
- Generating alternatives.
- Evaluating alternatives.
- Choosing an alternative.
The selection of best alternative from many alternatives is known as decision-making. It is a critical skill that is essential for success in both personal and professional life.
Option A, selection, is a subset of decision-making. It is the process of choosing one alternative from a set of alternatives.
Option C, organizing, is the process of creating a structure for a group or organization. It involves defining roles and responsibilities, and establishing lines of communication.
Option D, budgeting, is the process of planning and controlling financial resources. It involves setting financial goals, developing budgets, and monitoring financial performance.