The Method of Allocating Resources That Maximizes Outcome of Interest

question 8

Multiple Choice

The method of allocating resources that maximizes outcome of interest is

• A) Equal shares
• B) Need-based allocation
• C) Equalizing of marginal products
• D) Historical allocation

Recognise the importance of aligning organisational design with strategic orientation, objectives, and environmental uncertainty.

Assess the role of formal and informal structures in organisational design and management.

Evaluate the trends and shifts in organisational design choices, including centralisation, decentralisation, and the reduction of management levels.

Compare and contrast functional, divisional, and matrix structures, including their contexts of use.

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Definitions:

Federal Law

Federal law consists of rules and regulations that are enacted by the national government and applicable throughout the country.

Placement Site

The specific location where an individual is assigned to work, study, or perform duties as part of a program or job.

Mission Statement

A formal summary of the aims and values of a company, organization, or individual, guiding its decisions and actions.

Organizational Chart

A diagram that shows the structure of an organization and the relationships and relative ranks of its parts and positions/jobs.