An Internal Report That Helps Management Analyze the Difference Between

question 158

Multiple Choice

An internal report that helps management analyze the difference between actual performance and budgeted performance based on the actual sales volume (or other level of activity) and that presents the differences between actual and budgeted amounts as variances is called a(n) :

• A) Sales budget performance report.
• B) Flexible budget performance report.
• C) Master budget performance report.
• D) Static budget performance report.
• E) Operating budget performance report.

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Definitions:

Indorsee

A person to whom a draft, note, or other negotiable instrument is transferred by endorsement.

Indorser

A person who signs a negotiable instrument on the back to endorse it to another entity, transferring ownership.

Conditional Indorsement

An indorsement that makes the rights of the indorsee subject to the happening of a certain event or condition.

Indorsement

A signature or instruction written on the back of a negotiable instrument, such as a check, which specifies the terms of transfer.