Aligned Goals Start with the

question 16

Multiple Choice

Aligned goals start with the

• A) hierarchy of authority.
• B) organizational structure.
• C) organizational culture.
• D) organizational climate.
• E) strategic plan.

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Definitions:

Internal Control

The process implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Purchase Discounts

A reduction in the price of goods bought, usually for early payment or in bulk quantity.

Net Method

An accounting technique that reports invoice amounts and accounts payable after deducting any available discounts for early payment.

Cash Discount

A reduction in the price paid for goods or services offered to the buyer as an incentive for early payment.