Match the Following: -Open System

question 60

Multiple Choice

Match the following:
-Open system

• A)Economic activity outside of the firm
• B)An organization's primary concern, goal, and/or reason for existence
• C)Tools, equipment, and procedures for producing output
• D)An organization that receives inputs from the environment and releases outputs to the environment
• E)The result of an organization's conversion process
• F)The specific setting within which organizational behavior is enacted

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Definitions:

Rising Income Levels

An economic condition characterized by a general increase in the income received by individuals or populations over time.

Health Insurance

A type of insurance coverage that pays for medical and surgical expenses incurred by the insured, offering financial protection against high healthcare costs.

Wage Rate

The fixed amount of money or compensation paid to an employee by an employer in return for work performed.

Capital

Refers to wealth in the form of money or other assets owned by a person or organization or available for a purpose such as starting a company or investing.