Goal Congruence Exists When Individuals Aim at Short-Term Goals and Groups

question 61

True/False

Goal congruence exists when individuals aim at short-term goals and groups aim at long-term organizational goals.

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Definitions:

Output Price

The price at which a product or service is sold, reflecting the market value of the output.

Demand for Capital

The desire for acquiring physical assets, equipment, or financial assets to expand business operations or investments, influenced by the expected profit and cost of borrowing.

Rental Price

The cost of using or occupying property or equipment for a specified period.

Average Productivity

The output produced per unit of input, such as labor or capital, on average.