Which of the following is NOT a factor influencing resource allocation decisions
Practice Questions
Q1
Which of the following is NOT a factor influencing resource allocation decisions? (2023)
Market demand
Resource availability
Political considerations
Personal preferences of managers
Questions & Step-by-Step Solutions
Which of the following is NOT a factor influencing resource allocation decisions? (2023)
Step 1: Understand what resource allocation decisions are. These are choices made by managers about how to distribute resources like money, time, and materials.
Step 2: Identify the factors that typically influence these decisions. Common factors include market demand (how much of a product people want), resource availability (how much of a resource is available), and political considerations (laws and regulations that affect business).
Step 3: Consider personal preferences of managers. These are individual likes or dislikes that may affect their decisions but are not formal factors.
Step 4: Compare the factors. Market demand, resource availability, and political considerations are formal and widely recognized factors, while personal preferences are not.
Step 5: Conclude that personal preferences of managers are NOT a formal factor influencing resource allocation decisions.
