The Open Systems Anchor of Organizational Behavior States That

question 46

Multiple Choice

The open systems anchor of organizational behavior states that:

• A)organizations affect and are affected by their external environments.
• B)organizations can operate efficiently by ignoring changes in the external environment.
• C)people are the only important organizational input.
• D)organizations basically have only one working part.
• E)all of the above.

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Definitions:

Monthly Interest Rate

The percentage of interest calculated on a monthly basis typically used in loans and financial products.

EOQ

Economic Order Quantity, an inventory management technique that determines the ideal order size to minimize total inventory costs including holding and ordering costs.

Carrying Cost

The total cost of holding a specific inventory, including storage, insurance, taxes, and opportunity costs, over a certain period.

Restocking Costs

Restocking costs are expenses associated with replenishing inventory, including purchasing, shipping, handling, and storage costs.