What Is Goal Congruence

question 17

Multiple Choice

What is goal congruence?

• A) Making the goals of individual managers the same as corporate goals
• B) Equating managerial goals to corporate goals
• C) Aligning managerial goals with corporate goals
• D) Giving managers complete autonomy to make decisions

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Definitions:

Inelastic Demand

A situation where the demand for a product does not significantly change with a change in the product's price, indicating that consumers are less sensitive to price changes.

Total Revenue

The total receipts from sales of a given quantity of goods or services. It is the total income of a business from its sales activity.

Price

The amount of money required to purchase something or the value that consumers are willing to exchange for a good or service.

Midpoint Method

A technique used in economics to calculate the elasticity of a variable relative to another, minimizing the variability of the measurement regardless of the direction of change.