An Open System Depends on Constant Interaction with the Environment

question 98

True/False

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

---

Definitions:

Stockbrokers

Professionals who buy and sell stocks and other securities for their clients, on a stock exchange or over the counter, in return for a fee or commission.

Accounting

The organized logging, presenting, and scrutinizing of a corporation's monetary transactions.

Pass-Through Taxation

A tax treatment applied to certain business entities where profits are taxed only once, directly through the owners’ personal income, avoiding corporate income tax.

Entrepreneurship

The process of designing, launching, and running a new business or startup.