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In a resource allocation scenario, if a company decides to allocate more funds t

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Question: In a resource allocation scenario, if a company decides to allocate more funds to marketing rather than research and development, this is an example of: (2023)

Options:

  1. Budget reallocation.
  2. Resource optimization.
  3. Opportunity cost.
  4. Strategic planning.

Correct Answer: Budget reallocation.

Exam Year: 2023

Solution: 

This decision reflects budget reallocation, as funds are being shifted from one area to another, making option 0 correct.

In a resource allocation scenario, if a company decides to allocate more funds t

Practice Questions

Q1
In a resource allocation scenario, if a company decides to allocate more funds to marketing rather than research and development, this is an example of: (2023)
  1. Budget reallocation.
  2. Resource optimization.
  3. Opportunity cost.
  4. Strategic planning.

Questions & Step-by-Step Solutions

In a resource allocation scenario, if a company decides to allocate more funds to marketing rather than research and development, this is an example of: (2023)
  • Step 1: Understand what resource allocation means. It is how a company decides to use its money and resources.
  • Step 2: Identify the two areas mentioned: marketing and research and development (R&D).
  • Step 3: Notice that the company is choosing to give more money to marketing.
  • Step 4: Recognize that this means they are taking money away from R&D.
  • Step 5: Understand that shifting funds from one area to another is called budget reallocation.
  • Step 6: Conclude that this decision is an example of budget reallocation.
  • Budget Reallocation – The process of redistributing funds from one area of a business to another, often to prioritize certain activities over others.
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