Performance Reports Should Include

question 84

Multiple Choice

Performance reports should include

• A)all costs and revenues for a specific responsibility center.
• B)all costs,revenues,and resources for a specific responsibility center.
• C)noncontrollable costs for a specific responsibility center.
• D)controllable costs,revenues,and resources for a specific responsibility center.

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Definitions:

Insurable Interest

A party who has an interest in property or life.

Beneficiary Payment

A payment made to someone entitled to receive benefits from a legal arrangement or insurance policy.

Whole-life Insurance

A type of permanent life insurance policy that covers the insured's entire lifetime and includes an investment component known as the policy's cash value.

Term-life Insurance

A type of life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term.