Which of the following is NOT listed as a decision-making variable?

The correct choice is based on the understanding of decision-making variables typically considered in strategic planning and operational decision-making. Time, information, and chance are all critical factors that influence the decision-making process.

Time is essential because it dictates the urgency of decisions and can greatly affect the outcomes. Information refers to the data or insights available to the decision-maker, guiding them toward the most informed choices. Chance represents the unpredictability or risk involved in any decision, acknowledging that not all factors can be controlled.

In contrast, scenarios, while useful for contextualizing possible situations or outcomes, are not classified as a decision-making variable in the same way. Scenarios are more about conceptualizing different possibilities rather than a direct factor influencing the decision-making process itself. They serve as tools to visualize the implications of decisions rather than variables that affect the decision at the moment it is made. Thus, this distinction is why the answer identifies scenarios as the option that does not align with the other decision-making variables.