In a scenario where resources are limited, which strategy is most effective for

Practice Questions

Q1
In a scenario where resources are limited, which strategy is most effective for prioritizing allocation? (2023)
  1. Random selection of projects
  2. Allocating resources based on potential return on investment
  3. Distributing resources equally among all projects
  4. Focusing on projects with the least risk

Questions & Step-by-Step Solutions

In a scenario where resources are limited, which strategy is most effective for prioritizing allocation? (2023)
  • Step 1: Understand the Problem - We have limited resources.
  • Step 2: Define the Goal - We want to get the most benefit.
  • Step 3: Consider the Strategy - Allocate based on potential return on investment.
  • Step 4: Evaluate Options - Look at different projects and their benefits.
  • Step 5: Make Decisions - Choose the options with the highest returns.
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