Which of the Following Situations Describing a Resource Allocation Method

question 54

Multiple Choice

Which of the following situations describing a resource allocation method most resembles the market price method?

• A) Food from the Salvation Army Food Bank is distributed to families in need.
• B) Seventy per cent of Austin's chess club wanted to purchase new chess sets and thirty per cent did not. The club purchased the sets.
• C) Lattes are sold at Starbucks.
• D) Jose works at Intel. His manager tells him what work needs to be completed each month.
• E) Matt's mother has the rule that whoever cuts the cake chooses their slice last.

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Definitions:

Diverse Teams

groups composed of members from a wide range of backgrounds, including ethnicity, gender, age, and professional experience.

Optimal Team Size

The ideal number of members in a team to ensure efficient collaboration, effective communication, and maximum productivity.

Common Mental Models

Shared understandings or frameworks among team members that facilitate communication, decision-making, and coordination.

Competencies

The skills, knowledge, and abilities that enable a person to perform tasks successfully in a specific role or job.