An Internal Report That Compares Actual Cost and Sales Amounts

question 99

Multiple Choice

An internal report that compares actual cost and sales amounts with budgeted amounts and identifies the differences between them as favorable or unfavorable variances is called a:

• A) Performance report.
• B) Production report.
• C) Budget report.
• D) Variance report.
• E) Standard report.

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Definitions:

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, emphasizing the role of reinforcement in shaping behavior.

Reinforcer

In behavior psychology, any stimulus which strengthens or increases the probability of a specific response or behavior.

Observing Others

The act of watching the behaviors, actions, or reactions of individuals or groups to learn, analyze, or make inferences about them.

Unlearned Response

A natural, innate reaction to a stimulus that occurs without the need for prior experience or learning.