A ________ System Is One That an Organization Uses to Obtain

question 53

Multiple Choice

A ________ system is one that an organization uses to obtain inputs, convert them into outputs, and then dispose of these outputs.

• A)production
• B)quality control management
• C)reengineering
• D)line management

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Definitions:

Dollar Value

This refers to the worth or purchasing power of the U.S. dollar, often used in comparison to other currencies.

Assets

Resources owned or controlled by a person or entity that are expected to produce value or economic benefit in the future.

Balance Of Payments

A statement that summarizes a country’s transactions with the rest of the world, including trade, financial transfers, and investments.

Negative Balance

A situation in financial accounts where the amount spent exceeds the amount available or deposited.