A Technique for Filtering Cost Information Within Performance Reports to Managers

question 21

Multiple Choice

A technique for filtering cost information within performance reports to managers in the organization at an appropriate level of detail or summarization is known as:

• A)managerial reporting.
• B)responsibility reporting.
• C)control reporting.
• D)segment reporting.

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Definitions:

Value Judgments

Assessments or opinions made based on a set of criteria or moral standards rather than factual evidence alone.

Marginal Costs

The increase or decrease in the total costs incurred by producing one additional unit of a product or service.

Resources Scarcity

The economic problem of having seemingly unlimited human wants in a world of limited resources.

Consumer's Income

The total amount of earnings available to an individual or household to spend or save after taxes.