Systems Thinking

question 98

Multiple Choice

Systems thinking:

• A) suggests that companies substitute information systems for the hierarchy to transmit information.
• B) focuses on using AIT to facilitate learning among network members.
• C) states that structure, culture, and strategy must match to foster organizational learning.
• D) states that each level of learning affects other levels.

---

Definitions:

Closing the Books

Closing the books is an accounting process involving updating ledger accounts at the end of an accounting period to prepare financial statements.

Fiscal Year

A twelve-month period used for accounting purposes to prepare financial statements, which may or may not align with the calendar year.

Calendar Year

A one-year period that begins on January 1 and ends on December 31, used for most financial and tax reporting purposes.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, typically including a balance sheet, income statement, and cash flow statement.