Identify a True Statement About Performance Reports in Organizations

question 60

Multiple Choice

Identify a true statement about performance reports in organizations.

• A) Few supervisors both prepare and request performance reports.
• B) Supervisors hide performance problems in these reports to convince managers that the group needs more resources or training.
• C) A performance report does not compare performance with performance standards.
• D) Supervisors should highlight and explain any variances from performance standards in these reports.

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Definitions:

Required Return

The minimum expected return an investor demands for an investment, considering the risk associated with it.

Absorption Costing

An accounting method that includes all of the costs associated with production, including variable costs and fixed overhead.

Selling Price

The amount of money charged for a product or service, or the sum the market will bear.

Return On Investment

measures the gain or loss generated on an investment relative to the amount of money invested.