The correct answer is Option (4) → resolution
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Resolution (Noun): A firm decision to do or not to do something. The context of "New Year's" specifically refers to the practice of making promises for self-improvement, which are called "New Year's resolutions." The plural form is most common when discussing this topic.
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Resolve (Noun/Verb): As a noun, it means firm determination. As a verb, it means to settle or find a solution.
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Resolving (Gerund): The process of settling or determining.
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Resolvation is not a English word.
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