In Which Transaction Cycle Would Information for Paying Employees Be

question 47

Multiple Choice

In which transaction cycle would information for paying employees be most likely to pass between internal and external accounting information systems?

• A) the revenue cycle
• B) the expenditure cycle
• C) the human resources / payroll cycle
• D) the financing cycle

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Definitions:

Role Expectations

The behaviors and actions anticipated from an individual performing a specific role or position within a social or organizational context.

Groupthink

Groupthink is a psychological phenomenon that occurs within a group of people, in which the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Very Cohesive

Describes a group or organization characterized by a high degree of unity, solidarity, and mutual support among its members.

Cross-Functional Team

A group composed of members from different departments or areas of expertise, collaborating towards a common goal.