Decision-making method is a process used to determine the best course of action in a given situation. The term LOT, which stands for 'Least Opportunity Time, ' is a decision-making method that focuses on minimizing the amount of time spent on making a decision. This method is based on the idea that the less time spent on making a decision, the more likely it is that the decision will be the most effective one. This method is often used in business and other areas where time is of the essence.