Goal Congruence Exists When

question 1

Multiple Choice

Goal congruence exists when:

• A) short- run goals reflect long- run goals
• B) individuals and groups aim at the same organizational goals
• C) performance reports are used constructively
• D) the budget reflects the organization's goals

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Definitions:

CICA Handbook

The official guide published by the Canadian Institute of Chartered Accountants detailing accounting standards and practices in Canada.

IFRS

International Financial Reporting Standards, which are a set of accounting standards developed by the International Accounting Standards Board (IASB).

U.S. GAAP

United States Generally Accepted Accounting Principles, the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC) for financial reporting.

Common-Law Countries

Nations that operate under a legal system founded on case law and precedents rather than on codified laws; common examples include the United Kingdom, the United States, and Australia.