Material Inputs in an Open System Organization Include ________

question 126

Multiple Choice

Material inputs in an open system organization include ________.

• A)capital
• B)human resources
• C)raw materials
• D)information

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Definitions:

Performance Report

A document or record that outlines the performance of a specific activity or function within a set period, usually compared against set goals or standards.

Controllable Costs

Costs that can be influenced or controlled by a specific manager or department within an organization.

Unfavorable Controllable Margin

A financial metric indicating that costs or expenses have exceeded budgeted amounts within a manager's control, negatively impacting profitability.

Cost Over Budget

The amount by which actual spending exceeds the planned or budgeted amount.