Which of the Following Statements Is True of Performance Reporting

question 5

Multiple Choice

Which of the following statements is true of performance reporting?

• A)Responsibility reports should focus on the person responsible for unfavorable variances,rather than information.
• B)Managers should not be held accountable for uncontrollable variances.
• C)Only unfavorable variances in the reports should be explained.
• D)Every variance,regardless of magnitude,must be investigated by the managers.

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Definitions:

Minor Gets Married

A special legal circumstance where individuals under the age of majority are allowed to enter into marriage, often requiring parental consent or judicial approval.

Disaffirm Contracts

The legal ability of one party to renounce a contract or agreement, thereby rendering it null and void.

Life Insurance

is a contract between an individual and an insurance company where the insurer agrees to pay a designated beneficiary a sum of money upon the death of the insured person.

Psychological Counseling

A form of therapy aimed at addressing mental health issues and improving an individual's emotional well-being through dialogue and various psychological techniques.