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:

Shrimp Sales

The commercial activity of selling shrimp, a popular seafood, either cultivated or wild-caught, in various markets.

Binding Price Floor

A government-imposed price control set above the equilibrium price, causing a surplus by preventing the price from falling to its natural level.

Hybrid Cars

Vehicles powered by a combination of an internal combustion engine and one or more electric motors, using less fuel than conventional vehicles.

Deadweight Loss

A loss of economic efficiency that can occur when equilibrium for a good or a service is not achieved.