Which of the Following Relates to the Perspective That Organisations

question 19

Multiple Choice

Which of the following relates to the perspective that organisations are open systems?

• A) The organisation adjusts its services to satisfy changing consumer demand
• B) Production and sales employees coordinate their work activities to provide a more efficient work process
• C) The organisation changes its products to suit customer needs
• D) All of the options listed here are correct

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Definitions:

FIFO

FIFO, or "First-In, First-Out," is an inventory valuation method wherein the oldest inventory items are recorded as sold first.

Inventory Costing Methods

Various approaches to valuing inventory, including First-In, First-Out (FIFO); Last-In, First-Out (LIFO); and Weighted Average Cost.

Cost-Benefit Constraint

The principle that actions or decisions should only be taken or made if the benefits outweigh the costs.

Conservation Principle

A principle in physics stating that certain properties such as mass, energy, or charge in an isolated system remain constant over time.