Compared with Sales Analysis, PERFORMANCE ANALYSIS

question 114

Multiple Choice

Compared with sales analysis, PERFORMANCE ANALYSIS:

• A) shows which customers should be dropped.
• B) looks for exceptions or variations from planned performance.
• C) does not do as much comparing against standards.
• D) shows how to improve performance.
• E) All of these are correct.

Appreciate the impact of ABC on product costing and pricing decisions.

Understand the steps involved in implementing an ABC system.

Recognize the role of cost pools in ABC.

Analyze the effects of using ABC on identifying profitable products.

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Definitions:

Duty of Competence

A professional obligation requiring individuals to have the necessary knowledge and skill to perform tasks effectively.

Court Filing Deadlines

The specific dates by which documents must be filed with the court to ensure they are considered in a legal case.

Rule of Client Confidentiality

An ethical rule within legal practice requiring attorneys to keep information relating to the representation of a client confidential unless the client gives informed consent to disclose it.

Property Settlement

The division of property between spouses on the termination of a marriage.