Inefficient Allocation of Resources Occurs When

question 207

Multiple Choice

Inefficient allocation of resources occurs when

• A)no one can be made better off without having someone else give up something.
• B)it is possible to make some people better off without making others worse off.
• C)society is operating at a point high on the production possibilities frontier.
• D)society is operating at a point low on the production possibilities frontier.

---

Definitions:

Spears's Characteristics

Refers to the key attributes of servant leadership as identified by Larry C. Spears, such as empathy, awareness, and commitment to the growth of people.

Sense of Unity

The feeling or perception of being part of a cohesive group, where members share common interests or objectives.

Greater Value

refers to qualities or assets that have a higher worth or significance compared to others in a specific context.

Managing Resources

Involves effectively and efficiently planning, organizing, directing, and controlling assets for the attainment of organizational objectives.