Goal Congruence Occurs When Managers Act in Their Own Best

question 64

True/False

Goal congruence occurs when managers act in their own best interest at the expense of the organization.

Determine unit product costs under variable and absorption costing.

Analyze the impact of fixed manufacturing overhead on inventory valuation and net operating income.

Understand how fixed manufacturing overhead is treated under variable and absorption costing.

Analyze the financial implications of using variable versus absorption costing in different fiscal periods.

---

Definitions:

Industry

The sector of an economy that is concerned with production of goods, extraction of minerals, or the provision of services.

Industrious

Characterized by hard work, diligence, and a strong dedication to achieving goals or completing tasks.

Inferior

Referring to something of lower quality or rank.

Erik Erikson

A developmental psychologist famous for his theory on the psychosocial development of human beings.