Examlex

Solved

The Primary Accounting Tool for Controlling and Reporting for Cost

question 167

True/False

The primary accounting tool for controlling and reporting for cost centers is a budget performance report.


Definitions:

Nominal Data

Data that are categorized into distinct groups and names, without any order or ranking.

Frequency Distribution

A table or graph that displays the frequency of various outcomes in a sample.

Frequency Chart

A graphical representation used to show the frequency of each category or value of data.

Relative Frequencies

The proportion of times a value occurs relative to the overall number of observations in a dataset.

Related Questions