In the context of decision-making, alternatives depend on:

Study for the CAFS Core 1: Resource Management Test. Use flashcards and multiple choice questions, each with hints and explanations. Prepare efficiently for your exam!

In decision-making, the concept of alternatives is closely linked to the available resources. This is because the options or alternatives that an individual or group can consider are often defined by the resources at hand, including time, money, skills, and information. For instance, if someone is planning a project and has a limited budget, the alternatives they can pursue will be restricted to those that can be feasibly accomplished within that financial limit.

Resources also encompass physical assets, human capabilities, and technological tools, all of which can shape the kinds of choices that are viable. Effective decision-making requires an understanding of these resources to evaluate and select the best alternative that aligns with the goals and constraints of the situation.

Although non-economic factors, personal preferences, and the number of individuals involved may play a role in the decision-making process, they do not primarily dictate the options available. Instead, it's the resources that frame the landscape of potential alternatives from which individuals can choose. Ultimately, recognizing the significance of resources enables more informed and practical decision-making.

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