Today,managers have to make allocation decisions around the use of which scarce resources?

Question

Quizplus · Accepted Answer

Managers have to make allocation decisions around the use of all resources, as all resources are scarce and limited. Natural resources are limited in amount and can be exhausted if used unsustainably. Financial resources are limited by the amount of funding available and the cost of acquiring necessary resources. Human resources are limited by the number of employees available, their skills and abilities, and the amount of time they have available to work. Therefore, managers must consider all these resources when making allocation decisions.

Today,managers Have to Make Allocation Decisions Around the Use of Which