What Term Describes When Activities Originally Intended to Help Managers

question 83

Multiple Choice

What term describes when activities originally intended to help managers attain corporate objectives become ends in themselves or are adapted to meet ends other than those for which they were intended?

• A) economic rationality
• B) minimal acceptable behavior
• C) goal displacement
• D) closed system thinking
• E) Machiavellianism

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Definitions:

Overtime Wages

Additional pay granted to employees for hours worked beyond their standard scheduled hours.

Expensed

Recorded as an expense in the financial statements in the period in which it is incurred.

Statement

A formal record or document detailing financial activities or conditions, such as an income statement or balance sheet.

Adjusting Entries

Journal entries made at the end of an accounting period to update accounts for accuracies in preparation for financial statement generation.