A Contest Is a Good Way to Allocate Scarce Resources

question 54

Multiple Choice

A contest is a good way to allocate scarce resources when

• A) the efforts of the players are hard to monitor directly.
• B) the lines of responsibility are clear.
• C) the decision being made affects a large number of people.
• D) there is no effective way to distinguish among potential users.

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Definitions:

Department Policies

Guidelines and rules established within a specific department of an organization to govern operations and decision-making.

Cross-Trained

The practice of training employees to perform multiple roles or tasks across different departments or functions within an organization.

Group Of Employees

A collective of individuals who work together in a specific workplace or organization.

Up-And-Coming Subordinates

Junior employees who show a lot of promise and potential to excel and take on greater responsibilities in the future.