Allocation Strategies: Definition & Examples

Instructions:

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question 1 of 3

Which allocation strategy is being used when John decides not to go to the big game next week because he can't afford the tickets?

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1. Which allocation strategy is being used when Joe and Martha decide to take their children to the beach instead of the park?

2. Which allocation strategy is being used when an arena announces that concert tickets go on sale at the box office at 10 a.m. tomorrow?

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About This Quiz & Worksheet

You can work through the quiz and worksheet to check your knowledge of allocation strategies. You'll need to identify different strategies in given examples to be successful on the quiz.

Quiz & Worksheet Goals

These resources help you test your understanding of allocation strategies dealing with:

  • A basketball coach selecting the tallest players to be starters
  • An arena announcing that concert tickets go on sale at a specific time
  • Two people taking their children to the beach instead of the park
  • A person deciding to not go to an event because tickets are too expensive

Skills Practiced

  • Knowledge application - use your knowledge to answer questions about different allocation strategies
  • Information recall - access the knowledge you have gained about the allocation strategy used when a car factory manager lets those who assemble the most vehicles go home early
  • Reading comprehension - ensure that you draw the most important information from the lesson on allocation strategies

Additional Learning

Gain more knowledge about these strategies by using the lesson called Allocation Strategies: Definition & Examples. Some other topics you can explore include:

  • When scarcity occurs
  • The meaning and importance of an allocation strategy
  • Allocation strategy examples
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