When managers of subunits throughout an organization strive to achieve the goals set by top management, the result is:

A. strategic control.
B. goal congruence.
C. planning and control.
D. responsibility accounting.
E. delegation of decision making.


Answer: B

Business

You might also like to view...

On the income statement, miscellaneous expenses are usually presented as the last item without regard to the dollar amount

Indicate whether the statement is true or false

Business

Today, husbands married to women in paid jobs equally share the responsibility for family care and housework.

Answer the following statement true (T) or false (F)

Business

Under the statute of frauds, the writing must: be signed by the defendant; and must state with reasonable certainty the name of each party, the subject matter of the agreement, and all of the essential terms and promises

Indicate whether the statement is true or false

Business

What was the amount of acquisition differential amortization for 2019?

P Corp. owns 800 voting common shares out of Q Corp.'s 1,000 outstanding voting common shares, which it accounts for using the equity method. On December 31, 2018, the shareholder's equity section of Q Corp. was comprised of $15,000 in common shares and retained earnings with the amount of $450,000. Q Corp. reported net Income and paid dividends of $120,000 and $20,000 respectively for the year ended December 31, 2019. On January 1, 2020, P Corp. sold 200 shares of its investment in Q Corp. for $125,000. On January 1, 2019, the investment account had a balance of $420,000. The acquisition differential was to be allocated as follows: 60% to patents (6 year remaining life). 30% to equipment (9 year remaining life). A) Nil. B) $6,000. C) $8,000. D) $12,000.

Business