An Internal Report That Helps Management Analyze the Difference Between

question 138

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 which 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:

Manager's Understanding

The comprehension and insight a manager has regarding the workings, dynamics, and needs of their team, organization, and the environment they operate within.

Diversity

refers to the inclusion and representation of different types of people and viewpoints, typically considering factors such as race, gender, ethnicity, age, sexuality, and religion.

Gantt Chart

A visual project management tool that outlines the start and finish dates of the individual components and tasks of a project.

Flow Chart

A diagram that represents a process, system, or computer algorithm, often using various symbols to denote different operations or steps.