A System Is Defined as Open Because ___

question 192

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:

Expense Account

An account used to record individual expenditures or expenses incurred during business operations.

Liability Account

An account recording a company's obligations to pay debts to creditors in the short or long term.

Adjusting Journal Entries

Entries made in accounting records at the end of an accounting period to update accounts for accruals and deferrals that were not recorded during the accounting period.

Depreciation

The systematic allocation of the depreciable amount of an asset over its useful life.