When Management Seeks to Achieve Personal Departmental Objectives That May

question 56

Multiple Choice

When management seeks to achieve personal departmental objectives that may work to the detriment of the entire company, the manager is experiencing:

• A) budgetary slack
• B) padding
• C) goal conflict
• D) cushions

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Definitions:

Total Deposits

The sum of all money deposited in a bank by its customers.

Total Reserves

The sum of a bank's deposits held in reserve at a central bank plus its cash on hand, used to satisfy demand for withdrawals or to meet regulatory requirements.

Interstate Banking

The practice or system allowing banks to operate branches and offer services in more than one state, previously restricted in the U.S.

M2

A measure of the money supply that includes cash, checking deposits, and easily convertible near money, such as savings deposits and money market securities.