Which of the Following Is a Typical Characteristic of an Open

question 131

Multiple Choice

Which of the following is a typical characteristic of an open system?

• A) It is an organization that is convened for a specific purpose and disbands when its task is completed.
• B) It is a system where each member has the authority to make decisions about how they share and complete their work.
• C) It is the system where communication flows only between individual members and a hub.
• D) It is the system in which subgroups have limited communication with one another.
• E) It is a system that transforms resource inputs from the environment into product outputs.

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Definitions:

Accounts Receivable

Amounts due from customers to a business for delivered or utilized goods or services awaiting payment.

Owners' Equity

The residual interest in the assets of an entity after deducting liabilities, representing the ownership stake of shareholders.

Revenue

The aggregate financial gain realized through the sale of products or services that constitute a firm's principal business activities.

Expenses

Costs incurred by a business in the process of earning revenue.