Asked by Mikayla Wolfe on Sep 26, 2024
The production function is the same as the managerial subsystem in the open-system model of a business.
Production Function
An economic model that describes the relationship between input resources and the output of goods or services that result from those inputs.
Managerial Subsystem
A component of an organization that focuses on administrative and decision-making functions, essential for directing the organization towards its goals.
- Comprehend the principles of managerial and technical subsystems in the context of the open-system framework.
Learning Objectives
- Comprehend the principles of managerial and technical subsystems in the context of the open-system framework.
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