The document discusses second law efficiencies and exergy change of systems. It defines second law efficiency for various devices like heat engines, work-producing devices, refrigerators, and general processes. Second law efficiency compares the actual performance of a device to its theoretical maximum performance under reversible conditions. The exergy change of a closed system depends on the change in internal energy, pressure-volume work, and entropy between initial and final states, accounting for environmental properties. Exergy can represent the useful or recoverable work of a system.