What is a system?
Set of various interconnected components
Defining a System: Core Concepts
The question asks for the definition of a 'system'. A system is fundamentally about interconnected parts working together towards a common purpose or function. Let's break down why the correct option is the most fitting:
Understanding the Correct Definition
Option 3, "Set of various interconnected components", accurately captures the essence of a system. Here's why:
- Components: Systems are made up of individual parts or elements. These could be physical objects, ideas, processes, or people.
- Interconnectedness: The crucial aspect is that these components are linked or related. Changes in one component often affect others within the system. Think of a bicycle: the pedals, wheels, and chain are components, and they are interconnected to enable movement.
- Working Together: The interconnected components function as a unified whole. They interact to achieve a specific goal or maintain a certain state.
Evaluating Other Options
Let's look at why the other options are less suitable:
- Option 1: Set of organization - While an organization can be a type of system, "organization" itself is not the definition of a system. It's too specific and focuses on structure rather than the fundamental nature of interconnected parts.
- Option 2: Set of elements - This is partially correct but incomplete. It mentions elements but misses the vital aspect of 'interconnection' that distinguishes a system from a mere collection of elements. A pile of unrelated stones consists of elements, but it's not typically considered a system.
- Option 4: Set of jobs and work - This describes activities or processes, which might be *part* of a system or a *result* of a system's operation, but it doesn't define what a system *is* in terms of its structure.
Conclusion on System Definition
Therefore, the most precise and comprehensive definition of a system among the choices provided is a 'set of various interconnected components' that function together as a whole.
Important Questions from Project Management
Factors which govern the operating cost of an equipment are :
1. Purchase price of the equipment
2. Depreciation due to regular use
3. Cost of operation, maintenance and repairs
Which of the above statements are correct ?
In Emerson's efficiency plan of wage incentive system, the bonus is paid to-
Match List I with List II
LIST I
(Project Network concepts)
LIST II
(Underlying meaning)
A. Crashing an activity I. Length of the longest path through the project network B. Project Network II. It shows the time and cost when the activity is fully crashed C. Critical path III. It consists of a number of nodes and a number of arcs that connects two different nodes D. Crash point IV. Taking special (costly) measures to reduce the duration of an activity below its normal value Choose the correct answer from the options given below:
The following statements relate to project network. Choose the correct code for the statements being correct or incorrect.
Statement I: An activity cannot be represented by more than one arrow, but an arrow can represent one or more activities.
Statement II : The activities in a critical path can be preponed or postponed.
A public limited company has 9,00,000 shares outstanding at current market price of Rs. 130 per share. The company needs Rs. 2.25 crores to finance its proposed new project. The board of the company has decided to issue rights shares to raise the required money at Rs. 75 per share (as subscription price) to ensure that the rights issue is fully subscribed. How many rights are required to purchase a new share ?
