Question

A local farmer grows and sells corn and pumpkins to the local grocers. Look at the farmer's business as a system. In which category do the corn and pumpkins, profits, and losses fall?
a. input
b. therblig
c. transformational process
d. result
e. output

Answer 1

Answer:

The correct answer is letter "E": output.

Explanation:

The output is the number of goods or services produces by an organization given a specific period. The output is expressed in monetary value and is usually compared to the costs it took to produce the goods or services. The output does not necessarily imply talking about material goods. The output is intangible as well.

Thus, the pumpkins production profits and losses of a farmer are considered as part of the output of an economy.