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What is the study of the allocation of resources?
ECONOMICS is the study of the allocation of SCARCE resources.
Economics is about the allocation of resources for the production and distribution of goods?
Economics is about the allocation of resources for the production and distribution of goods and ___________.
How does market and government differ in allocation of resources?
the difference in market and government occurs in the allocation of resources and labor division which determines the prices
Economics is about the production of goods and services which requires the allocation of what?
Resources
When is the allocation of resources in an economy considered to be inefficient?
when total resources in an economy is not equally allocated among four factors of production i.e land, labor, capital and organization then allocation of resources in an economy considered to be inefficient.
Can you explain the allocation of financial resources?
Financial resources are loans, mortgages etc. Which are provided on returning capacity.
Concept and function of business finance?
Allocation of financial Resources . Procurement of found . Efficient and Effective utilization of financial resources
3 major function of business finance?
Allocation of financial ResourcesProcurement of foundEfficient and Effective utilization of financial resources
What is the study of the allocation of resources?
ECONOMICS is the study of the allocation of SCARCE resources.
What plays a role when deciding cost allocation?
There are many roles that are required when one is deciding on cost allocation. Control costs must be taken into consideration and it is beneficial to one to conduct responsible financial management of resources.
Economics is about the allocation of resources for the production and distribution of goods?
Economics is about the allocation of resources for the production and distribution of goods and ___________.
How does market and government differ in allocation of resources?
the difference in market and government occurs in the allocation of resources and labor division which determines the prices
Why is human resources important to the development of industry?
How the opportunity cost can be applied to the production process for the allocation of resources. How the opportunity cost can be applied to the production process for the allocation of resources.
What is Hierarchical Location-Allocation modelling?
Hierarchical location-allocation modelling refers to the allocation or the distribution of resources according to the hierarchy. People on the upper level of the chain are usually allocated with most of the resources.
Includes top-level managers with membership tailored to the type of organization structure involved to determine priorities and ensure effective allocation of resources?
Financial Management Board
The includes top-level managers with membership tailored to the type of organization structure involved to determine priorities and ensure effective allocation of resources?
Financial Management Board
What are the factors that effect the budget resources allocation decisions of managers?
The internal objectives of a business; the regulations and legislation's that affect the market plans; world news and events; industrial analyst reports, financial analysis; establishing strategic goals, achieving them and attaining results. These are the factors that affect budget resources allocation decision of managers.
