Goal Congruence Means

question 16

Multiple Choice

Goal congruence means

• A)there is alignment of organizational and managerial goals.
• B)the organization is aligned to the needs of the environment.
• C)the organization is aligned to shareholder goals.
• D)there is no divergence between organization and stockholder goals.

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Definitions:

Demand for Gasoline

Describes how much gasoline consumers want to buy at various prices, often influenced by factors like income and price of substitutes.

Price Inelastic

Describes a situation where the quantity demanded or supplied of a good or service changes little when its price changes.

Short Run

A time period in economics during which at least one input or factor of production is fixed and cannot be changed, limiting the immediate response to changes in demand or technology.

Long Run

A period in economics sufficient for all factors of production and costs to be variable, allowing firms to adjust to market conditions fully.