An Organization Is Seen as a Means by Which Primary

question 76

Multiple Choice

An organization is seen as a means by which primary production factors are transformed into outputs consumed by the environment according to the ________ definition of organizations.

• A)microeconomic
• B)macroeconomic
• C)sociotechnical
• D)behavioral
• E)psychological

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Definitions:

Lemonade

A sweetened beverage made from lemon juice, water, and sugar, often sold as a refreshment during warm weather.

Opportunity Cost

Opportunity cost is the loss of potential gain from other alternatives when one alternative is chosen.

Cancún

A Mexican city on the Yucatán Peninsula bordering the Caribbean Sea, known for its beaches, resorts, and nightlife.

Paris

The capital city of France, known for its significant cultural, historical, and economic contributions to the world.