Examlex
Which of the following is not considered an input in an open system?
Forecast Error
The difference between the actual outcome and the predicted outcome, often used in the context of demand forecasting in supply chain and finance.
Managerial Decisions
Decisions made by managers that influence the direction and performance of a business or organization.
Supply Of Raw Materials
The provision and delivery of the basic materials required by companies to manufacture their products.
Highly Variable
Describes processes or systems subject to high levels of change or fluctuation, often challenging to predict or manage.
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