The Resource Acquisition Approach to Organizational Assessment Relates to Inputs

question 63

True/False

The resource acquisition approach to organizational assessment relates to inputs rather than outputs.

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Definitions:

Expansion

Expansion refers to the phase in the economic cycle where an economy is growing and experiencing increasing levels of output, employment, and income.

Actual Output

The actual quantity of goods and services produced in an economy over a specific period.

Demand

The desire and ability of consumers to purchase goods and services at given prices.

Automobiles

Wheeled vehicles powered by engines, primarily used for personal transportation.