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a firm is trying to choose from a set of potential capital projects in a way that maximizes the expected return. the capital budget is limited, so a - model would be appropriate.

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Answer 1

A firm is trying to choose from a set of potential capital projects in a way that maximizes the expected return , so a resource-allocation model would be appropriate.

What is Resource Allocation ?

Resource allocation is the process of allocating and managing resources in a manner that supports the objectives of an organization's strategic planning. Allocation of resources involves managing tangible assets such as hardware to maximize the use of softer assets such as human capital.

What is the importance of resource allocation?

Resource allocation is very important in project management as it enables planning and preparation for project implementation or goal achievement. In addition, it helps you plan your resources in advance and keep track of your project team's progress.

Why do we need resource quotas?

When running a project, under-allocation of resources has a negative impact on overall performance. Efficiency, time, confidence and motivation can all be lost along the way if you don't have the right project skills and knowledge.

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