The Basic Systems Theory of Organizations Includes Which of the Following

question 174

Multiple Choice

The basic systems theory of organizations includes which of the following components?

• A) Inputs, transformation process, outputs and testing
• B) Inputs, transformation process, outputs, feedback and environment
• C) Inputs, processing, outputs, feedback and maintenance
• D) Inputs, processing, outputs, testing and environment

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Definitions:

Total Fixed Cost

The sum of all costs that do not change with output level, including rent, salaries, and insurance.

Short Run

A period in economic analysis during which at least one input, such as plant size or capital, is fixed, limiting the ability to adjust to demand changes.

Long Run

A period in which all factors of production and costs are variable, allowing for full adjustment to changes in the economic environment.

Specialization

The process of focusing effort and resources on a limited number of activities, goods, or services to gain a comparative advantage in production.