Which of the Following Statements Is Not True

question 95

Multiple Choice

Which of the following statements is not true?

• A) Performance reports should be tailored to the responsibilities of the manager or department for which they are prepared.
• B) Performance reports normally report standard costs and variances.
• C) Performance reports should contain space for explanation of variances.
• D) Performance reports do not present the causes of variances.

Grasp the idea and utility of bartering in business transactions.

Know the structure, benefits, and limitations of franchising for small businesses.

Identify different sources of funding available to small businesses and their characteristics.

Differentiate between various types of small business ownership and their operational impacts.