Budgets and Performance Reports Should Be Developed on the Basis

question 23

Multiple Choice

Budgets and performance reports should be developed on the basis of

• A) responsibility accounting.
• B) generally accepted accounting principles.
• C) financial accounting standards.
• D) managerial accounting standards.

---

Definitions:

Auditory Stimulation

The process of provoking a response through exposure to auditory stimuli, such as sounds or music.

Mnemonic Technique

A memory aid or strategy to make information easier to remember.

School Supplies

Materials and items used by students to facilitate learning and educational activities in a school setting.

Mental Visualizes

The act of creating mental images or scenarios in one's mind, often used as a technique in planning, problem-solving, and creative visualization.