The Resource Allocation Method That Is Used to Allocate Scarce

question 211

Multiple Choice

The resource allocation method that is used to allocate scarce resources between private use and government use is

• A) first-come, first-served.
• B) personal characteristics.
• C) majority rule.
• D) lottery.

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Definitions:

Ethics Competency

The skill to grasp and employ ethical guidelines and criteria in the decision-making procedure.

Stakeholder Ethics

The moral principles and values that should guide the interactions and decisions involving all parties with an interest in an organization.

Credo

A statement of the beliefs or aims that guide someone's actions.

Final Responsibility

The ultimate accountability for an action or decision, typically held by a leader or highest authority in an organization.