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.

---

Definitions:

McDonald's

A global chain of fast-food restaurants known for its burgers, fries, and breakfast items, characterized by its widespread presence and well-known brand.

Economic Espionage Act

is a United States federal law that criminalizes the theft or misappropriation of trade secrets with the intent of benefiting a foreign power.

Federal Crime

Illegal activities that violate federal laws and are prosecuted by the federal government.

Trade Secrets

Confidential business information that provides an enterprise with a competitive edge and is protected from disclosure.