Which of the following is the second step in the decision making process model?

Which of the following is the second step in the decision making process model?

a. Gather feedback

b. Identify the existing problem

c. Select the most beneficial of alternatives

d. List possible alternatives for solving the problems

Answer: An example of quaternary economic activity is education and research.

The quaternary sector is related to the economic activities that are related to the creation and supply of knowledge and information. It encompasses services that are intermediaries that have specialized skills, knowledge, and experience. This necessarily puts into the quaternary sector the various institutions of learning such as schools, universities and other training institutions since their main role is to disseminate or produce knowledge. Same like that, research activities in academic institutions, private sector research organizations or governmental laboratories have also come under quaternary economic activity. Such knowledge-based services are vital to the process of innovation, technology diffusion and the building of people’s capital.