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Which of the following is an example of a closed system?
Microbusiness
A small business typically defined by having fewer than 10 employees and operating on a very small scale.
Diversity
The inclusion and representation of different groups of people, such as races, cultures, ages, and genders, within a community or organization.
Economies Of Scale
Refers to the cost advantage that arises with increased output of a product, where the per-unit cost decreases as the production scale becomes larger.
Profit Margin
A financial ratio expressing the percentage of revenue that remains as profit after all expenses are deducted from sales, indicating the financial health and efficiency of a business.
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