Which of the Following Is Characteristic of an Open System

question 4

Multiple Choice

Which of the following is characteristic of an open system and its subsystem?

• A) a transformation process that involves production, maintenance, adaptation, and management
• B) an input selection known for being so accurate that it can be closed
• C) subjective output criteria
• D) boundary spanners connect employees to products and to organizational subsystems

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Definitions:

Aggregate Demand

The cumulative request for goods and services in an economy, gauged at a singular comprehensive price level during a designated time span.

Keynesian Economist

An economist who follows the principles of John Maynard Keynes, advocating for government intervention through fiscal and monetary policies to manage economic cycles.

Recession

A period of economic decline across an economy lasting more than a few months, typically visible in GDP, real income, employment, industrial production.

Aggregate Supply

The overall quantity of products and services that companies in a country's economy intend to sell over a set duration.