When no revenue is involved, organizations try to choose projects with the least cost for any given set of objectives.

Question

Quizplus · Accepted Answer

When there is no revenue involved, organizations typically have limited resources and are therefore incentivized to choose projects with the least cost for any given set of objectives. This is because the organization cannot afford to invest a lot of money on projects that do not generate revenue or financial returns. However, it is important to note that even in cases where no revenue is directly involved, decision-making may still involve trade-offs between costs and other objectives such as social impact or environmental sustainability.

When No Revenue Is Involved, Organizations Try to Choose Projects