Select the Appropriate Item for Each of the Definitions Listed

question 142

Multiple Choice

Select the appropriate item for each of the definitions listed below.
-it measures output and explains changes in cost

• A)dependent variable
• B)independent variable
• C)intercept
• D)slope

Understand the fundamental principles of systems theory.

Explain the impact of subsystem changes on the overall system within an organizational context.

Identify and explain the types of feedback mechanisms in systems.

Grasp the dynamics of innovation and change within organizations through the lens of systems theory.

---

Definitions:

Output Rises

An increase in the production of goods and services within an economy.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service relative to its market price.

Units

A standard measurement for quantity used to quantify material amount or the extent of something.

Good

A physical item that is produced and can be sold or traded to satisfy people's wants or needs.