_____________Is the Term Used When the Personal and Corporate Goals

question 50

Multiple Choice

_____________is the term used when the personal and corporate goals of the managers of an entity are consistent with the goals of the organisation.

• A) Co-ordination
• B) Master budgeting
• C) Goal congruence
• D) A balanced scorecard

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Definitions:

Cash Transactions

Financial activities that involve the exchange of cash between two parties.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, giving a snapshot of its financial condition.

Balance Sheet

An overview document showing a business’s assets, liabilities, and the equity of its shareholders on a specific date.

Sole Proprietorship

A business structure where an individual owns and operates the business entirely, bearing unlimited liability for its debts and obligations.