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.

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Definitions:

Academic Achievement

A measure of a student's learning and educational attainment in school, college, or university settings.

Self-Discipline

refers to the ability to regulate oneself, including one’s emotions, thoughts, and behaviors, in a way that is consistent with long-term goals.

Self-Efficacy

Refers to an individual's belief in their own ability to succeed in specific situations or accomplish a task.

Social Support

Assistance or comfort provided by others, such as family, friends, and the community, which contributes to an individual's well-being.