Instructions: Identify the Following

question 15

Short Answer

Instructions: Identify the following. Be as specific as possible, and include names, dates, and relevant facts as appropriate. Be sure to explain the significance of the person or term.
Trade deficit

---

Definitions:

Outputs

The ultimate outputs, whether products, services or outcomes, produced by a system, process, or organization.

Supplies

Materials, equipment, or other items required for the operation of a business or the completion of a task.

Closed Systems

Systems that do not interact with the environment outside of themselves, limiting the exchange of matter or energy.

External Environment

Outside forces and conditions that influence the operations and outcomes of an organization or system.