Performance Reports Are Accounting Reports That Compare

question 57

Multiple Choice

Performance reports are accounting reports that compare

• A) planned data with actual data.
• B) audited data with actual data.
• C) managers' bonuses with performance ratings by supervisors.
• D) actual data with industry standards.

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Definitions:

Public Saving

The portion of a government's budget that is left after accounting for all its spending, essentially the government budget surplus.

National Saving

The total amount of saving in a country, comprising both private and public saving.

Index Funds

Mutual funds or exchange-traded funds (ETFs) designed to follow certain preset rules so that the fund can track a specified basket of underlying investments.

Managed Mutual Funds

Programs invested in by shareholders that operate with a mix of different investments, all overseen by experienced investment professionals.