The Open Systems Anchor of Organizational Behavior States That

question 46

Multiple Choice

The open systems anchor of organizational behavior states that:

• A)organizations affect and are affected by their external environments.
• B)organizations can operate efficiently by ignoring changes in the external environment.
• C)people are the only important organizational input.
• D)organizations basically have only one working part.
• E)all of the above.

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Definitions:

Economic Profits

The remaining amount after deducting total expenses from the total income, taking into account all direct and indirect costs.

Profit Maximizes

A strategy or objective of businesses to achieve the highest possible profit, where total revenue exceeds total costs by the largest margin.

MR

Short for Marginal Revenue, it represents the additional income earned from selling one more unit of a good or service.

MC

Refers to Marginal Cost, the increase in total cost that arises from producing an additional unit of output.