Which of the following is a key factor in determining the efficiency of resource allocation? (2023)
Practice Questions
1 question
Q1
Which of the following is a key factor in determining the efficiency of resource allocation? (2023)
The total amount of resources available
The speed of resource distribution
The alignment of resource use with strategic goals
The historical usage patterns of resources
The alignment of resource use with strategic goals is a key factor in determining the efficiency of resource allocation, ensuring that resources are used effectively to achieve desired outcomes.
Questions & Step-by-step Solutions
1 item
Q
Q: Which of the following is a key factor in determining the efficiency of resource allocation? (2023)
Solution: The alignment of resource use with strategic goals is a key factor in determining the efficiency of resource allocation, ensuring that resources are used effectively to achieve desired outcomes.
Steps: 5
Step 1: Understand what resource allocation means. It is how resources (like money, time, or materials) are distributed to different areas or projects.
Step 2: Identify what efficiency means in this context. Efficiency refers to how well resources are used to achieve goals.
Step 3: Recognize that strategic goals are the objectives or targets an organization wants to achieve.
Step 4: Realize that aligning resource use with these strategic goals means using resources in a way that directly supports achieving those goals.
Step 5: Conclude that when resources are aligned with strategic goals, they are used more effectively, leading to better outcomes and higher efficiency.
