What Would You Expect to Find in a Performance Report

question 76

Multiple Choice

What would you expect to find in a performance report for a cost centre?

• A)both controllable and non-controllable costs
• B)variable, but not fixed costs
• C)only costs controllable by the managers of the centre
• D)only material and labour costs

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Definitions:

Logrolling

A practice in negotiation or politics where two parties agree to support each other's proposals or interests.

Outcome Probabilities

Outcome probabilities are the likelihood or chances that specific results will occur, often used in the context of predictive analysis or decision-making processes.

Timing

refers to the selection of the most suitable or effective moment to take action or make a decision, often crucial for success.

Preconditions

Necessary conditions that must exist or be met before a particular action can occur.