Asked by Travis Williams on Apr 24, 2024
Verified
Goods and services are inputs in an open system.
Open System
A system that transforms resource inputs from the environment into product outputs.
Goods and Services
Products that can be physically touched or tasks performed for a consumer, respectively.
- Understand the concept of open and closed systems in organizations and their interaction with the environment.
Verified Answer
ZK
Zybrea KnightMay 02, 2024
Final Answer :
False
Explanation :
Goods and services are outputs of an open system, not inputs. Inputs would typically include resources such as labor, capital, and raw materials.
Learning Objectives
- Understand the concept of open and closed systems in organizations and their interaction with the environment.