Which of the Following Statements Concerning Performance Reports Is NOT

question 24

Multiple Choice

Which of the following statements concerning performance reports is NOT correct?

• A)The performance report shows actual performance as compared to the budget.
• B)The performance report is a feedback tool.
• C)The performance report often leads to more investigations and action.
• D)The performance report contains no actual results due to confidentiality.

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Definitions:

Project's Fixed Assets

Project's fixed assets refer to the long-term tangible assets that are used in the operation of a project and are not expected to be converted into cash in the short term.

Required Return

The minimum profit or yield that investors expect or require from an investment to make it worthwhile.

Net Present Value

An economic measure that determines the disparity between the current value of cash coming in and the current value of cash going out over a specific timeframe.

Internal Rate Of Return

The break-even discount rate at which a project's cash flows net present value is zero.