The Internal Processes Approach to Organizational Effectiveness Is Most Closely

question 52

Multiple Choice

The internal processes approach to organizational effectiveness is most closely related to the ____ part of an organizational system.

• A)inputs
• B)entropy
• C)outputs
• D)feedback
• E)transformation

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Definitions:

Elastic

Describes a situation in which the demand for a good or service significantly changes in response to changes in price.

Elastic

Describes a situation where the demand for a product or service significantly changes in response to a change in its price.

Price Elastic

Relating to the responsiveness of the demand or supply of a good or service to changes in its price.

Price Elasticity

A measure of the responsiveness of the quantity demanded or supplied of a good or service to a change in its price.