A System That an Organization Uses to Obtain Inputs,convert Them

question 88

Multiple Choice

A system that an organization uses to obtain inputs,convert them into outputs,and then dispose of these outputs is known as a(n) :

• A) production system.
• B) quality control management system.
• C) reengineering system.
• D) line management system.
• E) JIT system.

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Definitions:

Common Mission

A shared goal or purpose that unites the members of a group or organization, driving them toward collective achievement.

Legal Entity

An organization or business that is given legal rights and responsibilities, including the ability to enter into contracts, sue, and be sued.

Economic Order Quantity

Economic Order Quantity (EOQ) is a formula used in inventory management to determine the optimal order size that minimizes the total cost of holding and ordering inventory.

Total Expenses

The sum of all costs and expenses associated with operating a business or executing a project.