An Open System Depends on Constant Interaction with Its Environment

question 40

True/False

An open system depends on constant interaction with its environment for survival.

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Definitions:

Social Value

The importance or worth that a product, service, or action has to society, including both economic and non-economic factors.

External Benefit

A positive spillover effect of a transaction or activity that benefits a third party not directly involved in the transaction.

Output

The amount of goods or services produced by a firm, industry, or economy.

Substitutes For Leadership

Factors in the work setting that direct work efforts without the involvement of a leader.