A Classic Example of Goal Displacement Is the Shift in NATO's

question 60

True/False

A classic example of goal displacement is the shift in NATO's mission from protecting Europe from a Soviet invasion to being a rapid deployment force to fight terrorism.

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Definitions:

Accounting Policies

The specific principles, bases, conventions, rules, and practices applied by an entity in preparing and presenting financial statements.

Private Enterprises

Businesses which are owned by private individuals or groups, not by the state or public sectors.

Accounting Standards

are authoritative standards for financial reporting and are the primary source of generally accepted accounting principles (GAAP).

GAAP

Generally Accepted Accounting Principles (GAAP) are a set of rules and standards used in the United States for financial reporting.