What Method of Resource Allocation Depends on Willingness-To-Pay and Ability-To-Pay

question 39

Multiple Choice

What method of resource allocation depends on willingness-to-pay and ability-to-pay?

• A)command
• B)lottery
• C)market price
• D)first-come,first-served
• E)force

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Definitions:

Medium-term Cost Adjustment

Adjustments made to manage costs that are expected to have an impact over the medium term, typically spanning from a year to a few years.

Exit Incentives

Benefits offered to employees to encourage voluntary departure, typically used in workforce reduction strategies.

Reducing Overtime

It entails strategies or policies aimed at decreasing the amount of time employees work beyond their standard scheduled hours, often to lower costs or maintain work-life balance.

Work Redesign

The process of altering jobs and work processes to improve organizational performance and employee satisfaction.