The Open Systems Perspective Emphasizes That Organizations Are Effective When

question 114

True/False

The open systems perspective emphasizes that organizations are effective when they maintain a good "fit" with their external environments.

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Definitions:

Trade-offs

The evaluation and choice between competing alternatives in situations where having one benefit often means giving up another.

Government Purchases

Expenditures made by the government for goods and services that are consumed by the public or that have a direct impact on the economy's aggregate demand.

Inflation Rate

The speed at which the overall price level of goods and services increases, leading to a decrease in the value of money.

Unemployment Rate

The percentage of the total labor force that is unemployed but actively seeking employment and willing to work.