What Converts Inputs to Outputs in an Open System

question 23

Multiple Choice

What converts inputs to outputs in an open system?

• A) task structure
• B) robots
• C) technology
• D) borrowed financial resources

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Definitions:

Pricing Decisions

Refers to the process of setting the price for a product or service, considering factors like cost, competition, and customer demand.

Legal Issues

Legal issues refer to matters of law encompassing regulations, statutes, and legal precedents that impact individuals, businesses, and relationships.

Political Issues

Challenges and factors related to government policies, regulations, or political stability that can affect business operations.

Ethical Issues

Moral problems or dilemmas that arise in the context of professional practices or business operations, often requiring careful thought or action.