Resource Allocation Is a Contentious Process in Most Organizations Because

question 71

Multiple Choice

Resource allocation is a contentious process in most organizations because opportunities and requests for spending far exceed the available funds.This can lead to __________ among organizational units,which makes it __________ to objectively identify the best investments.

• A)Highly political competition;difficult
• B)Highly political competition;easier
• C)Cooperation;simple
• D)Cooperation;difficult

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Definitions:

Surplus

The amount by which the quantity supplied of a product exceeds the quantity demanded at a specific price.

Quantity Supplied

The total amount of a particular good or service that producers are willing and able to sell at a given price over a specified period.

Quantity Demanded

The amount of a good or service that consumers are willing and able to buy at a specific price.

Surplus

The situation in which the quantity of goods or services supplied exceeds the quantity demanded at the current price.