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With regard to second-order cybernetics, which of the following statements is TRUE?
Goal Incongruence
A situation where the objectives of different stakeholders or parts of an organization conflict with each other, potentially leading to inefficiencies or counterproductive actions.
Cost Target
Cost target is the budgeted or desired cost of manufacturing a product or executing a project, aimed at ensuring competitiveness and profitability.
Responsibility Accounting
An accounting system focused on controlling costs and evaluating performance by assigning responsibility to individual managers or departments.
Benchmarks
Benchmarks are standard points of reference against which performance, quality, or value can be measured, often used for comparison in business, finance, and industry.
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