In an Open System Model,which of the Following Statements Is

question 30

Multiple Choice

In an open system model,which of the following statements is NOT true?

• A)Open systems have a dynamic relationship with their environment.
• B)Open systems may exist as part of another open system.
• C)The system is open to influences from its environment.
• D)Outputs never have an influence on future inputs.
• E)All of the above are true.

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Definitions:

TC

Total Cost, which is the total expense incurred in reaching a particular level of output.

Profit-Maximizing

The act of adjusting production and sales to achieve the highest possible profit under given market conditions.

Demand

The quantity of a product or service that consumers are willing and able to purchase at a given price.

Profit

The financial gain made in a transaction or business operation, calculated as the difference between revenue and costs.