The General Systems Model of a Firm Has the Following

question 77

Multiple Choice

The general systems model of a firm has the following resource flows except for:

• A)virtual resource flow.
• B)geographic resource flow.
• C)physical resource flow.
• D)firm's control mechanism.

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Definitions:

Activity-Based Costing

An accounting method that assigns costs to products based on the activities involved in producing those products.

Decision

The process of making choices among alternative courses of action.

Sunk Costs

Costs that have already been incurred and cannot be recovered, and thus should not affect future business decisions.

Future Costs

Costs that will be incurred in the future, impacting decisions on investments, production, and other business activities.