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What is goal congruence?

Short Answer

Expert verified

Answer

Goal congruence is the stage where the various departments of anorganization share a common goal.

Step by step solution

01

Meaning of Organization

Organization refers to the association of people united mutually to accomplish common goals stated by the management.An organization comprises various divisions such as production, administration, marketing, and many more.

02

Meaning of goal congruence

The term goal congruence refers to a situation where the multiple levels of an entity, such as lower, middle, and upper levels, perform their activities for the accomplishment of the same goal. Goal congruence leads to the accomplishment of thestrategy of the organization.

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Most popular questions from this chapter

Preparing a financial budgetโ€”budgeted income statement and balance sheet

Bradley Company has the following post-closing trial balance on December 31, 2018:

The companyโ€™s accounting department has gathered the following budgeting information for the first quarter of 2019:

Budgeted total sales, all on account $ 305,000 Budgeted direct materials to be purchased and used 32,000 Budgeted direct labor cost 12,500 Budgeted manufacturing overhead costs:

Variable manufacturing overhead 2,100 Depreciation 1,300 Insurance and property taxes 1,350 Budgeted cost of goods sold 72,000 Budgeted selling and administrative expenses:

Salaries expense 7,000 Rent expense 2,000 Insurance expense 1,100 Depreciation expense 550 Supplies expense 15,250 Budgeted cash receipts from customers 263,500 Budgeted income tax expense 41,000 Budgeted purchase and payment for capital expenditures (additional equipment) 43,000

Additional information:

a. Direct materials purchases are paid 70% in the quarter purchased and 30% in the next quarter.

b. Direct labor, manufacturing overhead, selling and administrative costs, and income tax expense are paid in the quarter incurred.

c. Accounts payable at December 31, 2018 are paid in the first quarter of 2019. Requirements

1. Prepare Bradley Companyโ€™s budgeted income statement for the first quarter of 2019.

2. Prepare Bradley Companyโ€™s budgeted balance sheet as of March 31, 2019

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Refer to the information in Short Exercise S24-7. Compute each divisionโ€™s RI. Interpret your results. Are your results consistent with each divisionโ€™s ROI?

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