Question

A key importance of management, is its role in the effective utilization of resources. What does this primarily entail?

• A. Accumulating as many resources as possible regardless of their use.
• B. Deciding resource allocation and ensuring their most efficient use.
• C. Limiting resource use to conserve them for future generations.
• D. Distributing resources equally among all employees.

Answer 1

Answer:

B. Deciding resource allocation and ensuring their most efficient use.

• The key importance of management in resource utilization lies in its role of deciding how to allocate resources—like money, people, and equipment—to strategic priorities, and then ensuring their most efficient use to maximize productivity and minimize waste. This dual focus ensures that the organization's assets are not just available, but are effectively deployed and optimized to achieve its goals.