Which of the Following Are Examples of Functional Systems

question 115

Multiple Choice

Which of the following are examples of functional systems?

• A)Accounting systems
• B)Operations Systems
• C)Marketing and Sales Systems
• D)Manufacturing systems
• E)All of the above

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Definitions:

Homogeneous Good

A product that is considered identical or uniform across producers and can be easily substituted.

Annual Profit

The total earnings a business has after subtracting all expenses over a year.

Dominant Strategy

A strategy in game theory that is best for a player, regardless of the strategies chosen by other players.

Equilibrium Outcome

The point at which market supply and demand balance each other, and, as a result, prices become stable.