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
B) aligning the goals of business segment managers with the goals of top management
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A shoe company's ads feature the members of a popular country music band. Product sales increase significantly among the band's fans. From the fans' viewpoint, the band is a ________
A) membership group B) reference group C) laggard D) subculture E) late-majority adopter
The responsibility report of Alejandro Garcia, the manager of one of the divisions of an auto parts manufacturing company, includes profits as well as return on investment and residual income. Alejandro is most likely the manager of a(n) ________.
A) investment center B) profit center C) cost center D) revenue center
Equipment is purchased for $60,000. It has a five-year useful life and a $10,000 residual value. Under the double-declining-balance method, what is the depreciation expense for year 3?
A) $6,400 B) $7,200 C) $7,680 D) $8,640
One of a company's many external marketing participants is the government
Indicate whether the statement is true or false