What Is the PRIMARY Criterion When Faced with a Resource

question 101

Multiple Choice

What is the PRIMARY criterion when faced with a resource allocation decision?

• A)Cost minimisation
• B)How well the alternative options help achieve organisational goals in relation to the costs incurred for these systems
• C)Reduction in the amount of time required to perform a particular job
• D)Achievement of organisational goals

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Definitions:

Validity

The extent to which a research instrument measures what it is intended to measure.

Management Information System

A system that provides managers with the tools to organize, evaluate, and efficiently manage departments within an organization.

Internal Data Sources

Sources of data that originate from within the organization, including sales records, customer databases, and financial documents.

Simple Random Sampling

A type of sampling in which everyone in the target population has an equal chance of being selected.