Input-Output Model


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question 1 of 3

When a company introduces something in, it is called a/an _____.

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1. When a company finishes a good and sends it out, it is known as an _____.

2. The models used to show how something comes in and something goes out is known as what?

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About This Quiz & Worksheet

The quiz and worksheet will measure your understanding of the input-output model. In order to pass the assessments, you should be familiar with the concepts and terms relating to companies receiving something or sending out something.

Quiz & Worksheet Goals

This quiz will test you on the following:

  • The term for when a company finishes and sends something out
  • What a resume is considered when using the model
  • Term used to describe a company introducing something

Skills Practiced

  • Information recall - access the knowledge you've gained regarding an example of the application of the model
  • Reading comprehension - ensure that you draw the most important information from the related lesson on the input-output model
  • Knowledge application - use your knowledge to answer a question about what model describes things going in and out of a business

Additional Learning

To study more information related to this model, read through the lesson called Input-Output Model. The lesson focuses on the following objectives:

  • Compare and contrast input and output in a company
  • Recall the importance of understanding this model
  • Distinguish the difference between shortage and surplus
  • Apply knowledge of the lesson to an example of the model's application