The Systems Theory Approach to Effectiveness _________

question 71

Multiple Choice

The systems theory approach to effectiveness _________.

• A)proposes that a firm survives as long as its output is purchased in the market in quantities and at prices that enable it to replenish its depleted stock of inputs
• B)is most appropriate for manufacturing operations
• C)considers the complex interaction of the needs and wants
• D)all of the above

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Definitions:

Minimum Wage

The lowest legal wage that employers are allowed to pay their workers, designed to protect labourers from exploitation.

Mom And Pop

Small, family-owned, and operated businesses, typically offering personalized service.

Chain Restaurants

Restaurants that are part of a brand or franchise, featuring standardized menu items and decor, and operated by a single company or franchisees across multiple locations.

Labor Dependent

Industries or activities heavily reliant on human labor as a primary input or resource for production.