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________ Systems Take Inputs from the External Environment, Transform Some

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________ systems take inputs from the external environment, transform some of these inputs, and send them back into the environment as outputs.


Definitions:

Revenue

The total amount of income generated by the sale of goods or services related to the company's primary operations.

API Gravity

A measure used to determine how heavy or light a petroleum liquid is compared to water.

Oil Quality

A measure of the chemical and physical properties of an oil, indicating its suitability for specific uses or processes based on standards or specifications.

Price

The amount of money required to purchase a good, service, or asset.

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