An Internal Report That Helps Management Analyze the Difference Between

question 136

Multiple Choice

An internal report that helps management analyze the difference between actual performance and budgeted performance based on the actual sales volume (or other level of activity) is called a(n) :

• A)Sales budget performance report.
• B)Flexible budget performance report.
• C)Master budget performance report.
• D)Static budget performance report.
• E)Operating budget performance report.

---

Definitions:

Outlier

An unusually small or unusually large data value.

Regression Analysis

A set of statistical processes for estimating the relationships among variables.

Residual

The difference between an observed value and the value predicted by a model.

Multiple Regression Model

A statistical technique used to predict the value of a dependent variable based on the values of two or more independent variables.