A local farmer grows and sells tomatoes and beans to the local grocers. Look at the farmer's business as a system. In which category do the tomatoes, beans, squash, profits, and losses fall?
A. input
B. therblig
C. transformational process
D. result
E. output
E. output
Outputs are the products, services, profits, losses, employee satisfaction or discontent, and the like that are produced by the organization. Whatever comes out of the system is an output.
You might also like to view...
Which of the following statements about diversification is correct?
A. Portfolio diversification reduces the variability of returns on an individual stock. B. When the company specific risk has been diversified, the inherent risk that remains is the market risk, which is constant for all securities in the market. C. A stock with a beta of ?1.0 has maximum nondiversifiable risk. D. When two perfectly positively correlated stocks with the same risk are combined, the portfolio risk is equal to the risk associated with the individual stocks. E. The systematic risk of a stock with a beta of zero is equal to its unsystematic risk.
Which of the following is a feature of a control chart?
a. a center line b. an upper specification limit c. a lower specification limit d. the modal value of a process defect
A contract to answer for the debt of another person is called a
a. contract of adhesion. b. prenuptial agreement. c. contract of guaranty. d. parol contract.
The debt limit ratio is
A) total monthly take-home pay divided by total monthly nonmortgage payments. B) total monthly nonmortgage payments divided by total monthly take-home pay. C) total monthly gross pay divided by total monthly mortgage payments. D) total monthly mortgage payments divided by total monthly gross pay.