this focusing on achieving the objecting of the organization
C) What is the goal of the firm? Discuss how to measure achievement of this goal?
premium=(1-Recovery Rate)*(probability of default) so if the premium is 15% and the recovery rate is 30%, then you can calculate the likelihood or probability of default. It would be (.15)=(1-.30)*probability Rearranging terms you get: probability=.21428 The Recovery Rate is the percentage of your original asset you'd recover under the default circumstance.
In Problem formulation method ,goal is a parameter to provide which (goal) is formulated in goal formulation method.that's why problem formulation must follow goal formulation. suacsecu
A bond issuer's probability of defaulting
Goal congruence occurs when the goals of the employees and the goals of the company become intertwined and meshed together.
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this focusing on achieving the objecting of the organization
Responsible accounting ensures that the business is accurately reporting their financial position. This supports congruence because they are transparent in their business dealings.
so that both the employee and the organization could work efficiently and effectively
Goal conflict is when we have alternative goals including both Minimization and Maximization of problem .And Goal congruence is when we have alternative goals of same type , either maximizatioin or minimization. Example: Minimizing distance and maximizating closeness ratio in facility layout problem are two conflict goals. Minimizing flow and minimizing risky transpot are congruent goals.
Reflecting
factor affecting goal congruence as follows: 1. organizational effectiveness 2. productivity 3. organizational leadership 4. morale 5. organizational efficiency 6. organizational stability 7. organizational reputation --Harnish patel
Congruence is a Noun.
It was created for the use of congruence between segments, angles, and triangles. Also it was created for the transitional property of congruence, symmetry property of congruence, and Reflexive property of congruence.
Dependent events.
It is true.