Which of the following is one component of decision-making variables?

Experience is a crucial component of decision-making variables because it directly influences an individual's ability to assess situations, evaluate options, and make informed choices. Having prior knowledge and understanding of similar scenarios helps in predicting potential outcomes and effectively weighing risks versus benefits. This experiential knowledge enables a decision-maker to draw upon past lessons, recognize patterns, and apply appropriate responses based on what has worked (or not worked) in previous situations.

In contrast, while resources, methods, and strategy are also important aspects of decision-making, they serve different roles. Resources pertain to the availability of inputs, methods refer to the processes used to reach a conclusion, and strategy involves the overarching plan designed to achieve long-term goals. Each of these components plays a significant role in the decision-making process; however, experience is foundational in shaping how effectively one utilizes these other aspects to make sound decisions.