The Best Explanation of Goal Congruence Is

question 36

Multiple Choice

The best explanation of goal congruence is

• A)All segments working towards the overall goals set by the organisation
• B)Telling lower levels of management what to do and how to do it
• C)Rewarding managers who reach their performance targets
• D)All the companies in an industry working together to solve problems

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Definitions:

Equilibrium Price

The price at which the supply of an item matches its demand, leading to a stable market condition where there is neither excess supply nor excess demand.

Equilibrium Output

The level of production at which the quantity of goods supplied equals the quantity of goods demanded, leading to market stability.

Diagram

A simplified drawing using lines and symbols to represent structures, systems, or processes, aiding in the explanation or analysis of data and concepts.

Payoff Matrix

A table that shows the potential outcomes of different strategies in a decision-making process, typically used in game theory to analyze interactions between multiple players.