A System Is Defined as Open Because __________

question 74

Multiple Choice

A system is defined as open because __________.

• A)It is permissive in observing the various principles of management.
• B)Its subsystems do not relate to one another.
• C)It uses Theory X management assumptions.
• D)It interacts with its environment in the continual process of transforming resource inputs into outputs.
• E)It treats its employees as responsible adults.

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Definitions:

At A Discount

Refers to buying or selling something below its nominal or face value.

Class B Shares

A classification of stock typically offering fewer voting rights and potentially different dividend policies compared to Class A shares.

Preemptive Rights

The right of existing shareholders to maintain their proportional ownership in a company by purchasing a proportional number of new shares before the company offers them to the public.