Which of the Following Is a Characteristic of a Subsystem

question 16

Multiple Choice

Which of the following is a characteristic of a subsystem?

• A)It contains a suprasystem within it.
• B)It is higher in the hierarchical order than is a system.
• C)It is a complete system in itself.
• D)It is independent of any other system.

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Definitions:

Marginal Product

The elevation in production output stemming from the addition of one unit of input.

Profit Maximization

The process or strategy where a firm adjusts its production to achieve the highest possible profit.

Capital

Financial assets or the financial value of assets, such as funds held in deposit accounts, as well as the physical factors of production including machinery, buildings, and land.

Labor

The contribution of human physical and mental energies in the fabrication of goods and the supply of services.