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Which of the following is NOT a common method of resource allocation?

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Question: Which of the following is NOT a common method of resource allocation?

Options:

  1. Market-based allocation.
  2. Command-based allocation.
  3. Random allocation.
  4. Needs-based allocation.

Correct Answer: Random allocation.

Solution:

Random allocation is not a systematic method of resource allocation, making option 2 the correct answer.

Which of the following is NOT a common method of resource allocation?

Practice Questions

Q1
Which of the following is NOT a common method of resource allocation?
  1. Market-based allocation.
  2. Command-based allocation.
  3. Random allocation.
  4. Needs-based allocation.

Questions & Step-by-Step Solutions

Which of the following is NOT a common method of resource allocation?
  • Step 1: Understand what resource allocation means. It is how resources (like money, time, or materials) are distributed or assigned.
  • Step 2: Learn about common methods of resource allocation. These include methods like priority-based allocation, needs-based allocation, and market-based allocation.
  • Step 3: Identify the options given in the question. Look for the method that does not fit with the common methods mentioned.
  • Step 4: Recognize that random allocation means distributing resources without any specific plan or criteria. This is not a systematic method.
  • Step 5: Conclude that since random allocation is not a common method, it is the correct answer to the question.
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