By Convention, Short-Term Financial Control Is Accomplished by All the Following

question 110

Multiple Choice

By convention, short-term financial control is accomplished by all the following except:

• A) Comparing actual to budgeted financial results.
• B) Calculating a series of cost and revenue variances at the end of the period.
• C) The use of flexible budgets and standard costs.
• D) Explaining the total operating-income variance for a given period.
• E) The use of productivity analysis.

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Definitions:

Eclectic

Selecting or employing individual elements from a variety of sources, systems, or styles.

Transference Behaviors

In psychotherapy, the phenomenon where clients project feelings and attitudes from past relationships onto the therapist.

Thought Patterns

The habitual ways in which one tends to think or process information, which can influence behavior and emotions.

Psychoanalysis

A therapeutic technique and theory of psychological disorders, emphasizing unconscious conflicts and childhood experiences.