All of the Following Are True About the US Performance

question 28

Multiple Choice

All of the following are true about the US performance appraisal system EXCEPT

• A)It represents cultural values that espouse links among individual rights, duties, and rewards.
• B)It attempts to be rational, logical, and legal.
• C)It focuses primarily on the ability to function well in groups.
• D)Research shows that it works well in all national contexts.

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Definitions:

Revenue and Spending Variance

The difference between the expected (budgeted) and actual amounts of revenue and expenses.

Flexible Budget Performance Report

A financial report that compares actual operating results to budgeted amounts adjusted for actual activity levels.

Activity Variance

The difference between the planned budget of an activity and the actual expenses incurred.

Net Operating Income

The earnings derived from the primary activities of a business before the subtraction of any taxes and interest charges.