The Targets Toward Which an Open Management System Is Directed

question 12

Multiple Choice

The targets toward which an open management system is directed are known as ________.

• A)organizational purposes
• B)operational plans
• C)organizational objectives
• D)business processes
• E)objective indicators

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Definitions:

Price Level

The mean of present prices for all goods and services produced within an economy, typically gauged by a price index.

Exchange Rate

the value of one currency for the purpose of conversion to another, showing how much of one currency can be exchanged for a unit of another currency.

Velocity of Money

The rate at which money circulates in the economy, indicating the number of times a unit of currency is used to purchase goods and services within a given timeframe.

Inflation Rate

The rate of increase in the average price of goods and services, leading to a decrease in the value of money.