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What is the primary goal of effective resource allocation in an organization?

Practice Questions

1 question
Q1
What is the primary goal of effective resource allocation in an organization?
  1. To minimize costs at all times.
  2. To maximize the output and efficiency of resources.
  3. To ensure equal distribution of resources among all departments.
  4. To maintain a balance between fixed and variable costs.

Questions & Step-by-step Solutions

1 item
Q
Q: What is the primary goal of effective resource allocation in an organization?
Solution: The primary goal of effective resource allocation is to maximize output and efficiency, making option 1 the correct choice.
Steps: 0

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