This Results When a Subsystem Achieves Its Goals While Contributing

question 45

Multiple Choice

This results when a subsystem achieves its goals while contributing to the organization's overall goal.

• A)Goal conflict
• B)Goal congruence
• C)Value of information
• D)Systems congruence

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Definitions:

GAAP

Generally Accepted Accounting Principles, a set of rules and standards for financial reporting widely accepted in the accounting profession.

IFRS

Global accounting standards known as International Financial Reporting Standards, designed for the preparation of financial statements.

Other Comprehensive Income

Earnings that are not part of net income, including items that have not been realized or were not part of regular operations, such as foreign currency translation gains or losses.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenues, indicating the company's actual profit.