Cybernetics

question 26

Multiple Choice

Cybernetics:

• A)is the study of motivational systems in humans
• B)is the study of the structure and function of information-processing systems
• C)is interested in how mechanical or biological systems can achieve a goal or maintain a balance by using feedback from their own activities
• D)is both the study of the structure and function of information-processing systems and is interested in how mechanical or biological systems can achieve a goal or maintain a balance by using feedback from their own activities

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Definitions:

Merchandise Purchases Budget

An estimation of the cost of goods a retail company plans to buy for a specific period.

Production Budget

A financial plan that estimates the number of units that must be produced within a specific period to meet anticipated sales demands and maintain inventory levels.

Sales Forecast

An estimate of the amount of goods or services a company expects to sell in a future period.

Activity Index

A measure used to estimate the level of activity or volume of production that affects costs in variable costing.