In the Context of the Systems Theory, Human Resources, Capital

question 55

Multiple Choice

In the context of the systems theory, human resources, capital, and raw material are examples of _____.

• A) contingencies
• B) inputs
• C) economies
• D) control systems
• E) outputs

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Definitions:

Insurance Contracts

Agreements between an insurance provider and an individual or entity, outlining the terms for coverage against specified risks in exchange for premiums.

Clause Ambiguity

A situation where a provision in a contract or document can be interpreted in more than one way, leading to uncertainties or disputes.

Self-Governing

The ability of a community, organization, or group to exercise control and make decisions independently from external authorities.

Professional Bodies

Organizations representing the interests of individuals in specific professions, often responsible for regulation and standards.