Which Term Refers to How an Organization Transfers Its Inputs

question 51

Multiple Choice

Which term refers to how an organization transfers its inputs to outputs?

• A)technology
• B)structure
• C)strategy
• D)environment
• E)innovation

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Definitions:

Wages

Wages are the compensation paid to employees for their labor, often calculated on an hourly, daily, or piecewise basis.

Inferior Good

A type of good for which demand decreases as the income of the consumer increases, opposite to normal goods.

Quantity Demanded

The total amount of a good or service consumers are willing and able to purchase at a given price level.

Increase in Price

A situation where the cost of goods or services rises, potentially due to factors like higher demand, production costs, or inflation.