Given Below Is an Excerpt from a Management Performance Report

question 62

Multiple Choice

Given below is an excerpt from a management performance report: . $\begin{array}{llll}&\text { Budget } & \text { Actual } & \text {Difference }\\\text { Contribution margin } & \$ 600,000 & \$ 580,000 & \$ 20,000 \mathrm{U} \\\text { Controllable fixed costs } & \$ 200,000 & \$ 220,000 & \$ 20,000 \mathrm{U}\end{array}$ The manager's overall performance

• A) is 10% above expectations.
• B) is 10% below expectations.
• C) is equal to expectations.
• D) cannot be determined from the information provided.

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Definitions:

Abstract Qualities

Traits or characteristics that are not tangible or concrete, often relating to concepts, ideas, or values.

Construct Validity

Consistency between a high score on a test and high level of a construct such as intelligence or leadership ability, as well as between mastery of this construct and successful performance of the job.

Criterion-related

Pertains to a method of evaluating the validity of a test by comparing its results with an external criterion.

Contexts

The circumstances or environments in which events occur, affecting their understanding and interpretation.