The Term Goal Congruence Refers to the ________

question 74

Multiple Choice

The term goal congruence refers to the ________.

• A) matching of financial goals of the company with its nonfinancial goals
• B) aligning the goals of business segment managers with the goals of top management
• C) achievement of the goals set by the management by utilizing the resources available
• D) duplication of costs as a result of decentralization

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Definitions:

Output Contract

An agreement in which a seller agrees to sell and a buyer agrees to buy all the output that a producer produces, without specifying exact quantities.

Manufacturers

Entities involved in the process of converting raw materials into finished products through various means, including physical, labor-intensive, or mechanical processes.

Distributors

Entities that buy products directly from manufacturers and sell them to retailers or end consumers, acting as intermediaries in the supply chain.

Legal Consideration

An essential element in contract law that refers to something of value exchanged between parties as part of an agreement, which is necessary for the contract to be enforceable.